Anyone care to predict the future of the rental market?

[peterb]

Since many of us here intend to rent out the homes we’re looking to purchase in the next year or two, can anyone provide a logical prediction of rental prices for the next 5 years? I noticed in the last cycle that rental prices in SD County dipped slightly from about 1992 until about 1997. This may have been due to net migration out of the area, job loss, recession, etc. May this be the same scenario as last time?

[stansd]

Search the archives…Some say it will go up-foreclosures & vacancies = more renters, rent/housing price disparity narrows from both sides. Others say it will go down-tanking housing market puts more rentals on the market & recession gives people less money to pay rent with.

There’s no real consensus on how it will pan out.

My personal view is up, but I’m moving more and more toward the down side given the economic mess we are in-Bear Stearns has me jittery and Ben’s quiver is looking more and more devoid of arrows.

Stan

[stansd]

Search the archives…Some say it will go up-foreclosures & vacancies = more renters, rent/housing price disparity narrows from both sides. Others say it will go down-tanking housing market puts more rentals on the market & recession gives people less money to pay rent with.

There’s no real consensus on how it will pan out.

My personal view is up, but I’m moving more and more toward the down side given the economic mess we are in-Bear Stearns has me jittery and Ben’s quiver is looking more and more devoid of arrows.

Stan

[stansd]

Search the archives…Some say it will go up-foreclosures & vacancies = more renters, rent/housing price disparity narrows from both sides. Others say it will go down-tanking housing market puts more rentals on the market & recession gives people less money to pay rent with.

There’s no real consensus on how it will pan out.

My personal view is up, but I’m moving more and more toward the down side given the economic mess we are in-Bear Stearns has me jittery and Ben’s quiver is looking more and more devoid of arrows.

Stan

[stansd]

Search the archives…Some say it will go up-foreclosures & vacancies = more renters, rent/housing price disparity narrows from both sides. Others say it will go down-tanking housing market puts more rentals on the market & recession gives people less money to pay rent with.

There’s no real consensus on how it will pan out.

My personal view is up, but I’m moving more and more toward the down side given the economic mess we are in-Bear Stearns has me jittery and Ben’s quiver is looking more and more devoid of arrows.

Stan

[stansd]

Search the archives…Some say it will go up-foreclosures & vacancies = more renters, rent/housing price disparity narrows from both sides. Others say it will go down-tanking housing market puts more rentals on the market & recession gives people less money to pay rent with.

There’s no real consensus on how it will pan out.

My personal view is up, but I’m moving more and more toward the down side given the economic mess we are in-Bear Stearns has me jittery and Ben’s quiver is looking more and more devoid of arrows.

Stan

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[surveyor]

rents

Assuming the San Diego economy does not get substantially worse, I would assume rents under $1200 to increase. There are a lot of applicants for rents at this price – the normal increase in renters, the former homeowners now becoming renters, and whatnot. Until there is a mechanism in place to quickly convert foreclosures and other distressed properties into viable rentals, I do not expect this rent price point to decrease.

For rental properties above $2000, I would expect to see some reductions, as a few landlords get foreclosed upon and most people start looking to lower their expenses. There might be a lot of former homeowners looking to rent above $2000 properties, but I don’t expect enough to them to increase the price point.

My two cents.

[Author]

Posts