- This topic has 40 replies, 8 voices, and was last updated 15 years, 11 months ago by
moneymaker.
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November 5, 2009 at 1:07 PM #16608November 5, 2009 at 1:28 PM #478097
Sandiagon
ParticipantThis approach will reduce inventory of available homes for sale on the market. I do not think this has any effect on existing rental market. Unemployment is the major reason to drive down rents in near future (next couple of years).
November 5, 2009 at 1:28 PM #478268ParticipantThis approach will reduce inventory of available homes for sale on the market. I do not think this has any effect on existing rental market. Unemployment is the major reason to drive down rents in near future (next couple of years).
November 5, 2009 at 1:28 PM #478634ParticipantThis approach will reduce inventory of available homes for sale on the market. I do not think this has any effect on existing rental market. Unemployment is the major reason to drive down rents in near future (next couple of years).
November 5, 2009 at 1:28 PM #478714ParticipantThis approach will reduce inventory of available homes for sale on the market. I do not think this has any effect on existing rental market. Unemployment is the major reason to drive down rents in near future (next couple of years).
November 5, 2009 at 1:28 PM #478932ParticipantThis approach will reduce inventory of available homes for sale on the market. I do not think this has any effect on existing rental market. Unemployment is the major reason to drive down rents in near future (next couple of years).
November 5, 2009 at 1:50 PM #478112scaredyclassic
Participantall the people in the homes are renters who aren’t renting rentals. so it seems like it has to increase the number of rentals avilable on the market, assuming the people staying in the homes would otherwise have rented rentals and not just lived in their vans or crashed at friends’ houses.
November 5, 2009 at 1:50 PM #478283Participantall the people in the homes are renters who aren’t renting rentals. so it seems like it has to increase the number of rentals avilable on the market, assuming the people staying in the homes would otherwise have rented rentals and not just lived in their vans or crashed at friends’ houses.
November 5, 2009 at 1:50 PM #478648Participantall the people in the homes are renters who aren’t renting rentals. so it seems like it has to increase the number of rentals avilable on the market, assuming the people staying in the homes would otherwise have rented rentals and not just lived in their vans or crashed at friends’ houses.
November 5, 2009 at 1:50 PM #478729Participantall the people in the homes are renters who aren’t renting rentals. so it seems like it has to increase the number of rentals avilable on the market, assuming the people staying in the homes would otherwise have rented rentals and not just lived in their vans or crashed at friends’ houses.
November 5, 2009 at 1:50 PM #478948Participantall the people in the homes are renters who aren’t renting rentals. so it seems like it has to increase the number of rentals avilable on the market, assuming the people staying in the homes would otherwise have rented rentals and not just lived in their vans or crashed at friends’ houses.
November 5, 2009 at 2:00 PM #478117analyst
Participant[quote=Huckleberry]http://www.fanniemae.com/newsreleases/2009/4844.jhtml?p=Media&s=News+Releases
This program lowers rents to 31% of income, so instantly rents will fall to match incomes, and in doing so drag other rentals down with them.[/quote]
The news release does not say that rents will be lowered to 31% of income. It says that, to qualify, the borrower-become-renter may not pay more than 31% of income to cover the newly established market rental rate.
The unanswered question is how market rental rate will be established for each property.
November 5, 2009 at 2:00 PM #478287Participant[quote=Huckleberry]http://www.fanniemae.com/newsreleases/2009/4844.jhtml?p=Media&s=News+Releases
This program lowers rents to 31% of income, so instantly rents will fall to match incomes, and in doing so drag other rentals down with them.[/quote]
The news release does not say that rents will be lowered to 31% of income. It says that, to qualify, the borrower-become-renter may not pay more than 31% of income to cover the newly established market rental rate.
The unanswered question is how market rental rate will be established for each property.
November 5, 2009 at 2:00 PM #478653Participant[quote=Huckleberry]http://www.fanniemae.com/newsreleases/2009/4844.jhtml?p=Media&s=News+Releases
This program lowers rents to 31% of income, so instantly rents will fall to match incomes, and in doing so drag other rentals down with them.[/quote]
The news release does not say that rents will be lowered to 31% of income. It says that, to qualify, the borrower-become-renter may not pay more than 31% of income to cover the newly established market rental rate.
The unanswered question is how market rental rate will be established for each property.
November 5, 2009 at 2:00 PM #478734Participant[quote=Huckleberry]http://www.fanniemae.com/newsreleases/2009/4844.jhtml?p=Media&s=News+Releases
This program lowers rents to 31% of income, so instantly rents will fall to match incomes, and in doing so drag other rentals down with them.[/quote]
The news release does not say that rents will be lowered to 31% of income. It says that, to qualify, the borrower-become-renter may not pay more than 31% of income to cover the newly established market rental rate.
The unanswered question is how market rental rate will be established for each property.
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