Rental rises?!

[patientrenter]

LLs are clearly offering special deals in an attempt to prevent the general rental price from going down. But let’s suppose for a second that rents became 20% over-inflated from their supportable levels, as a bleed-in from the 300-400% home price inflation since 1995. Then general rents will have to come down by 20%. How long would that take? If every 2% decrease in the general, public, rental prices is painfully slow, preceded by ever-greater discounts to ever-greater numbers of “special” cases, then it could take many years.

[waiting hawk]

Our rent in Alta Loma is 1600. I paid three 3 months checks, 6 months, 6 month and a final 3 month (sending at end of this month). We are comming due on our 2 year and I plan to be at 1400 for one more year or split at the start of Aug. We still have half our stuff boxed from when we first moved in and never hung a picture on the wall. They thought it was strange to have a renter sending a couple of 9600 checks in the mail. I just hate paying monthly as I would forget a lot and pay late if I didnt.

[waiting hawk]

Our rent in Alta Loma is 1600. I paid three 3 months checks, 6 months, 6 month and a final 3 month (sending at end of this month). We are comming due on our 2 year and I plan to be at 1400 for one more year or split at the start of Aug. We still have half our stuff boxed from when we first moved in and never hung a picture on the wall. They thought it was strange to have a renter sending a couple of 9600 checks in the mail. I just hate paying monthly as I would forget a lot and pay late if I didnt.

[waiting hawk]

Our rent in Alta Loma is 1600. I paid three 3 months checks, 6 months, 6 month and a final 3 month (sending at end of this month). We are comming due on our 2 year and I plan to be at 1400 for one more year or split at the start of Aug. We still have half our stuff boxed from when we first moved in and never hung a picture on the wall. They thought it was strange to have a renter sending a couple of 9600 checks in the mail. I just hate paying monthly as I would forget a lot and pay late if I didnt.

[waiting hawk]

Our rent in Alta Loma is 1600. I paid three 3 months checks, 6 months, 6 month and a final 3 month (sending at end of this month). We are comming due on our 2 year and I plan to be at 1400 for one more year or split at the start of Aug. We still have half our stuff boxed from when we first moved in and never hung a picture on the wall. They thought it was strange to have a renter sending a couple of 9600 checks in the mail. I just hate paying monthly as I would forget a lot and pay late if I didnt.

[waiting hawk]

Our rent in Alta Loma is 1600. I paid three 3 months checks, 6 months, 6 month and a final 3 month (sending at end of this month). We are comming due on our 2 year and I plan to be at 1400 for one more year or split at the start of Aug. We still have half our stuff boxed from when we first moved in and never hung a picture on the wall. They thought it was strange to have a renter sending a couple of 9600 checks in the mail. I just hate paying monthly as I would forget a lot and pay late if I didnt.

[luchabee]

http://www.calculatedriskblog.com/2009/04/more-stories-of-falling-apartment-rents.html

And in San Diego from Zach Fox at the NC Times: HOUSING: Rents falling as vacancies rise at major complexes
A handful of big local apartment complexes have cut rents in an attempt to fill empty units …

Tradition, an apartment complex near the Aviara Golf Course in Carlsbad, has cut its asking rent for a three-bedroom apartment from $2,015 to $1,799 per month, said Kris Nelson, business manager for the complex.

Tradition has seen its vacancy rate rise from a fairly consistent 3 percent to 8 percent recently, Nelson said.
…
In Temecula, Somerset Apartments has seen its vacancy rate shoot up from 3 percent to 20 percent. Managers responded by slashing rents by 25 percent for two bedroom, two bath apartments —- from $1,200 to $900 per month.

Ouch, 20 percent!

[luchabee]

http://www.calculatedriskblog.com/2009/04/more-stories-of-falling-apartment-rents.html

And in San Diego from Zach Fox at the NC Times: HOUSING: Rents falling as vacancies rise at major complexes
A handful of big local apartment complexes have cut rents in an attempt to fill empty units …

Tradition, an apartment complex near the Aviara Golf Course in Carlsbad, has cut its asking rent for a three-bedroom apartment from $2,015 to $1,799 per month, said Kris Nelson, business manager for the complex.

Tradition has seen its vacancy rate rise from a fairly consistent 3 percent to 8 percent recently, Nelson said.
…
In Temecula, Somerset Apartments has seen its vacancy rate shoot up from 3 percent to 20 percent. Managers responded by slashing rents by 25 percent for two bedroom, two bath apartments —- from $1,200 to $900 per month.

Ouch, 20 percent!

[luchabee]

http://www.calculatedriskblog.com/2009/04/more-stories-of-falling-apartment-rents.html

And in San Diego from Zach Fox at the NC Times: HOUSING: Rents falling as vacancies rise at major complexes
A handful of big local apartment complexes have cut rents in an attempt to fill empty units …

Tradition, an apartment complex near the Aviara Golf Course in Carlsbad, has cut its asking rent for a three-bedroom apartment from $2,015 to $1,799 per month, said Kris Nelson, business manager for the complex.

Tradition has seen its vacancy rate rise from a fairly consistent 3 percent to 8 percent recently, Nelson said.
…
In Temecula, Somerset Apartments has seen its vacancy rate shoot up from 3 percent to 20 percent. Managers responded by slashing rents by 25 percent for two bedroom, two bath apartments —- from $1,200 to $900 per month.

Ouch, 20 percent!

[luchabee]

http://www.calculatedriskblog.com/2009/04/more-stories-of-falling-apartment-rents.html

And in San Diego from Zach Fox at the NC Times: HOUSING: Rents falling as vacancies rise at major complexes
A handful of big local apartment complexes have cut rents in an attempt to fill empty units …

Tradition, an apartment complex near the Aviara Golf Course in Carlsbad, has cut its asking rent for a three-bedroom apartment from $2,015 to $1,799 per month, said Kris Nelson, business manager for the complex.

Tradition has seen its vacancy rate rise from a fairly consistent 3 percent to 8 percent recently, Nelson said.
…
In Temecula, Somerset Apartments has seen its vacancy rate shoot up from 3 percent to 20 percent. Managers responded by slashing rents by 25 percent for two bedroom, two bath apartments —- from $1,200 to $900 per month.

Ouch, 20 percent!

[luchabee]

http://www.calculatedriskblog.com/2009/04/more-stories-of-falling-apartment-rents.html

And in San Diego from Zach Fox at the NC Times: HOUSING: Rents falling as vacancies rise at major complexes
A handful of big local apartment complexes have cut rents in an attempt to fill empty units …

Tradition, an apartment complex near the Aviara Golf Course in Carlsbad, has cut its asking rent for a three-bedroom apartment from $2,015 to $1,799 per month, said Kris Nelson, business manager for the complex.

Tradition has seen its vacancy rate rise from a fairly consistent 3 percent to 8 percent recently, Nelson said.
…
In Temecula, Somerset Apartments has seen its vacancy rate shoot up from 3 percent to 20 percent. Managers responded by slashing rents by 25 percent for two bedroom, two bath apartments —- from $1,200 to $900 per month.

Ouch, 20 percent!

[peterb]

Hmmm, deflation at work? Rents are typically very sticky. Wonder what’s going on???? Unemployment?

[peterb]

Hmmm, deflation at work? Rents are typically very sticky. Wonder what’s going on???? Unemployment?

[peterb]

Hmmm, deflation at work? Rents are typically very sticky. Wonder what’s going on???? Unemployment?

[peterb]

Hmmm, deflation at work? Rents are typically very sticky. Wonder what’s going on???? Unemployment?

[Author]

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