- This topic has 55 replies, 7 voices, and was last updated 14 years, 12 months ago by peterb.
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February 15, 2010 at 8:34 AM #513855February 15, 2010 at 8:49 AM #513778peterbParticipant
It all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
February 15, 2010 at 8:49 AM #513870peterbParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
February 15, 2010 at 8:49 AM #513358peterbParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
February 15, 2010 at 8:49 AM #513208peterbParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
February 15, 2010 at 8:49 AM #514125peterbParticipantIt all depends on whether or not the homes are put back on the market and purchased. If they’re kept empty, then there’s more pressure on rental properties. But if they’re sold, then there’s no net change in the available housing market. Assuming the people stay in the area that have been ejected from their homes. The ejected “owners” become renters. Their old house becomes a rental. Or a renter buys their old house and a rental is freed-up. So there’s a balance.
February 15, 2010 at 9:45 AM #513891Nor-LA-SD-guyParticipantHere is an Odd one, I just saw this headline and thought it was so out there from what everyone (at least here on this board thinks) that I had to post it somewhere.
The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32% jump in charter rates by December. The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now.
February 15, 2010 at 9:45 AM #513228Nor-LA-SD-guyParticipantHere is an Odd one, I just saw this headline and thought it was so out there from what everyone (at least here on this board thinks) that I had to post it somewhere.
The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32% jump in charter rates by December. The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now.
February 15, 2010 at 9:45 AM #513378Nor-LA-SD-guyParticipantHere is an Odd one, I just saw this headline and thought it was so out there from what everyone (at least here on this board thinks) that I had to post it somewhere.
The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32% jump in charter rates by December. The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now.
February 15, 2010 at 9:45 AM #513798Nor-LA-SD-guyParticipantHere is an Odd one, I just saw this headline and thought it was so out there from what everyone (at least here on this board thinks) that I had to post it somewhere.
The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32% jump in charter rates by December. The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now.
February 15, 2010 at 9:45 AM #514145Nor-LA-SD-guyParticipantHere is an Odd one, I just saw this headline and thought it was so out there from what everyone (at least here on this board thinks) that I had to post it somewhere.
The fastest expansion in world trade in three years is clogging up ports from Australia to Brazil, driving a 32% jump in charter rates by December. The rate for leasing capesizes, boats three times the size of the Statue of Liberty, will average $39,000 a day in the fourth quarter, from $29,649 now.
February 15, 2010 at 9:48 AM #513896outtamojoParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
February 15, 2010 at 9:48 AM #513803outtamojoParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
February 15, 2010 at 9:48 AM #514150outtamojoParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
February 15, 2010 at 9:48 AM #513233outtamojoParticipantIt seems like some of you believe we have a large pool of willing and able buyers out there to smooth out the wave of newly listed homes for sale? I would’ve never guessed this from some.True there is an equilibrium here somewhere but it is a dynamic one. Ejected homeowner has to find rental/housing right away,home foreclosure/mls listing/home sold/escrow closed can take many months. As for empty homes, I do not know if proposed Tsunami wave has more empty homes than occupied.
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