mixxalot,
Good, I am glad that you are doing well. (seriously) I am a renter, I need landlords. I hope you are fair and responsible, as we need these even more. I was just trying to point out that thousands and thousands of LL buyers arnt gonna save this market anymore than these basement interest rates are. (why? More LL’s just drive up supply, reducing rents until a new lower housing price is reached to support these rents.)
The real problem is that housing is outa wack with incomes and no matter what anyone tries to do, without serious wage growth or major population gains, this market has to fall.
If my sarcasm was taken without good humor, I appologize. I know too many would be/are current landlords that think collecting rent will be like collecting a bond divedend. (the check is in the mail, enjoy) They have/are budging increases and prefect rental returns into their calculations on what they would pay for this rental now. This isnt just pigg’s or aimed at anyone here, just an observation. In the bubble people priced in very high expected appreciation into what they would pay, and look what happened. Rents are no different.
