Okay dingo, I agree with #1. There will be a stimulus to the construction market this coming year. But I guess that’s as far as I agree.
The rent market is tight, however I already saw somewhere a restriction in rent rate increases. Rents are not supposed to be increased over the next 6 months to a rate higher than 30 days before the fire. Now I have to look and see where I saw that.
At this point I am thinking that sellers in the fire evacuation areas will be more likely to lower their selling prices. After all why would you hold on to property that is in a fire evacuation area?
