Thanks so much for this Rich! I believe that graph on FRED gives a lot of insight. Essentially…the rate of change year over year is does fluctuate a bit during a recession, BUT the only time it went negative since 84 seems to be a brief stint in 92-94 and it was zero more or less in 2010 breifly. Everything else seems to be positive although some years are more positive than others of course.
Is that what you see? Am I reading it correctly?
I’m not saying that it’s always going to be gravy with investment properties, but I’ve always believed people put too much emphasis on the appreciation aspect vs. cash flow from rents going up over time in growing communities. If you are always cash flowing then you can simply sell when things are high if you choose to…or hold forever depending on ones intentions.
I really appreciate you helping me find the data man. Thank you very much and if I end up going the financial planning route at some point I’ll definitely be going to PCA first.
[quote=moneymaker]If those numbers are correct then rent went down slightly in the summer of ’09 and recovered within a year and has not gone down since. Sounds like a good bet to me![/quote]
Fairly compelling evidence huh? I love data sometimes.
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