> If you rent this 4br for $4,500 (perma) rent is $13,500 / year
What?
What?
It's also, frankly, just plain wrong. Just because a 4 bedroom house has 4 bedrooms doesn't mean people are renting those bedrooms out at that price.
The actual average rent for a 1-bedroom in San Jose is $2,150 / month which is $25,800 / year.
It's a shame this author has so many basic mistakes in their post as otherwise it is a valid discussion.
4500 per month, divided by 4 rooms is $1125/month, not $1200.
You can book the whole house and fill it with friends.
But look, it really doesn't matter if you're paying $1125 or $1200, that has approximately 0 impact on the actual conclusions of this post.