[quote=temeculaguy]And bringing this back to the uneven unemployment numbers and away from child care, how is this to affect low end/smaller rentals or certain neighborhoods. Will it treat sfr’s differently. It would seem that the unemployment numbers are not affecting everyone the same and there is a demographic element to the various housing markets. Could the racial inequities of the unemployment numbers be the reason certain communities are sticky in price, while others are not? There’s something there, it’s just not plain as day. It is causing me to rethink my plan to buy a small aprtmentish/condoish rental in a low end neighborhood (where I find the best values and ROI). Since married, non-minority women are the least affected by the unemployment rise, and demographicly as a group they value schools and crime rates probably more than other groups, I think if you look at the demographics of those communities that are sticky, you’ll find low crime and good schools. In bad times it seems important to know who is unemployed, just as much as how many. It may also back up some recent posts about bread and butter rental communities being in the mid level and not the lowest, even if I like the numbers better because others are afraid.
Forget trying to fix scardey, he is who he is and his name is fitting, at least he realizes he can’t make a decision without some level of regret.[/quote]
Very hard now but in the beginning of the year you could find SFH’s that would cash flow under $1000.0
In decent area’s (not real good but not horrible either), my guess that is the Home Depot job type ceiling.
And I would agree about apartments and to a lesser extent Condo’s, but low end SFH’s are a hot rental market or just very in demand period..
