I think if units in this complex were close to rent then I’d buy, but right now rents (2 different units, not counting mine) are much lower than what people are asking for sale in this complex, coupled w/the fact there are NODs, I would think prices will decline further.
There are condos in UTC that are now selling close to what rents would be. Wasn’t there a rent chart somewhere that Rich posted? Rents have been pretty stable and in line w/incomes.
I don’t expect a great increase in rents, particularly in light of unemployment being as high as it is. Maybe you might see a decrease in rent. I’ve seen some decreases, enough to make a difference, but not drastic. There does seem to be more rental units available from my recent looking.
