San Francisco's Ritz Carlton at 690 Market - one rental, one Short Sale.
Yesterday I wrote about the new Short Sale listing at one of San Francisco's most prestigious addresses - 690 Market #2201 asking $1,588,000.
Today I got an email from a colleague advertising #2301 asking $6,900 in rent.
According to the NYTimes Buy vs. Rent tool the unit would need to sell for $1.1 million for Buying to be better than renting within 15 years with a 5% interest rate. Those $2,425 HOA dues are probably the reason.