[bjensen]

I haven’t seen what you describe scaredycat, but I have seen a lot of properties that have been holding out for higher rent for the better part of 2009. Perhaps the LL thinks he has found a sucker willing to pay for what he is asking in rent. Little does he know, he won’t see a dime. It’s like other posters have mentioned about LL’s wanting top dollar and renters above reproach. It appears like it is very difficult to get both.

On another note, I have seen quite a few condos where they haven’t rented since they purchased the property late last year and are holding out for that 1 renter that will actually cover the mortgage. It’s really quite funny. Especially since the same type units can be purchased today at a price that appears to cash flow positive from day one.

[bjensen]

I haven’t seen what you describe scaredycat, but I have seen a lot of properties that have been holding out for higher rent for the better part of 2009. Perhaps the LL thinks he has found a sucker willing to pay for what he is asking in rent. Little does he know, he won’t see a dime. It’s like other posters have mentioned about LL’s wanting top dollar and renters above reproach. It appears like it is very difficult to get both.

On another note, I have seen quite a few condos where they haven’t rented since they purchased the property late last year and are holding out for that 1 renter that will actually cover the mortgage. It’s really quite funny. Especially since the same type units can be purchased today at a price that appears to cash flow positive from day one.

[bjensen]

I haven’t seen what you describe scaredycat, but I have seen a lot of properties that have been holding out for higher rent for the better part of 2009. Perhaps the LL thinks he has found a sucker willing to pay for what he is asking in rent. Little does he know, he won’t see a dime. It’s like other posters have mentioned about LL’s wanting top dollar and renters above reproach. It appears like it is very difficult to get both.

On another note, I have seen quite a few condos where they haven’t rented since they purchased the property late last year and are holding out for that 1 renter that will actually cover the mortgage. It’s really quite funny. Especially since the same type units can be purchased today at a price that appears to cash flow positive from day one.

[bjensen]

I haven’t seen what you describe scaredycat, but I have seen a lot of properties that have been holding out for higher rent for the better part of 2009. Perhaps the LL thinks he has found a sucker willing to pay for what he is asking in rent. Little does he know, he won’t see a dime. It’s like other posters have mentioned about LL’s wanting top dollar and renters above reproach. It appears like it is very difficult to get both.

On another note, I have seen quite a few condos where they haven’t rented since they purchased the property late last year and are holding out for that 1 renter that will actually cover the mortgage. It’s really quite funny. Especially since the same type units can be purchased today at a price that appears to cash flow positive from day one.

[bjensen]

I haven’t seen what you describe scaredycat, but I have seen a lot of properties that have been holding out for higher rent for the better part of 2009. Perhaps the LL thinks he has found a sucker willing to pay for what he is asking in rent. Little does he know, he won’t see a dime. It’s like other posters have mentioned about LL’s wanting top dollar and renters above reproach. It appears like it is very difficult to get both.

On another note, I have seen quite a few condos where they haven’t rented since they purchased the property late last year and are holding out for that 1 renter that will actually cover the mortgage. It’s really quite funny. Especially since the same type units can be purchased today at a price that appears to cash flow positive from day one.

[bjensen]

I’m bumping this up a bit selfishly, because I am looking to move shortly to another rental and was wondering if you thought about what I am seeing on the ground.

I have been looking in Rancho Santa Margarita, where some rentals have come down from $1400 to $1200 for 2 bed 2 bath.

Are rents going to fall even more? And if so, do the falling rents provide the catalyst for another leg down in the RE market like I previously contemplated on this post?

I don’t have the will to pull the trigger on a purchase at this point, but surprisingly, many of the condos where I am looking are actually more costly to rent than to buy. SFR’s are holding ground much better, but some of the condos in South Orange County are more than 65% off thier highs.

[bjensen]

I’m bumping this up a bit selfishly, because I am looking to move shortly to another rental and was wondering if you thought about what I am seeing on the ground.

I have been looking in Rancho Santa Margarita, where some rentals have come down from $1400 to $1200 for 2 bed 2 bath.

Are rents going to fall even more? And if so, do the falling rents provide the catalyst for another leg down in the RE market like I previously contemplated on this post?

I don’t have the will to pull the trigger on a purchase at this point, but surprisingly, many of the condos where I am looking are actually more costly to rent than to buy. SFR’s are holding ground much better, but some of the condos in South Orange County are more than 65% off thier highs.

[bjensen]

I’m bumping this up a bit selfishly, because I am looking to move shortly to another rental and was wondering if you thought about what I am seeing on the ground.

I have been looking in Rancho Santa Margarita, where some rentals have come down from $1400 to $1200 for 2 bed 2 bath.

Are rents going to fall even more? And if so, do the falling rents provide the catalyst for another leg down in the RE market like I previously contemplated on this post?

I don’t have the will to pull the trigger on a purchase at this point, but surprisingly, many of the condos where I am looking are actually more costly to rent than to buy. SFR’s are holding ground much better, but some of the condos in South Orange County are more than 65% off thier highs.

[bjensen]

I’m bumping this up a bit selfishly, because I am looking to move shortly to another rental and was wondering if you thought about what I am seeing on the ground.

I have been looking in Rancho Santa Margarita, where some rentals have come down from $1400 to $1200 for 2 bed 2 bath.

Are rents going to fall even more? And if so, do the falling rents provide the catalyst for another leg down in the RE market like I previously contemplated on this post?

I don’t have the will to pull the trigger on a purchase at this point, but surprisingly, many of the condos where I am looking are actually more costly to rent than to buy. SFR’s are holding ground much better, but some of the condos in South Orange County are more than 65% off thier highs.

[bjensen]

I’m bumping this up a bit selfishly, because I am looking to move shortly to another rental and was wondering if you thought about what I am seeing on the ground.

I have been looking in Rancho Santa Margarita, where some rentals have come down from $1400 to $1200 for 2 bed 2 bath.

Are rents going to fall even more? And if so, do the falling rents provide the catalyst for another leg down in the RE market like I previously contemplated on this post?

I don’t have the will to pull the trigger on a purchase at this point, but surprisingly, many of the condos where I am looking are actually more costly to rent than to buy. SFR’s are holding ground much better, but some of the condos in South Orange County are more than 65% off thier highs.

[bjensen]

I can assure you all that my idea of middle class involves vacations close to home, no air travel, and a used car.

I left a sales career in preparation for law school and now work in a non-sales role where I barely break 50k. I know others who have strong resumes from fortune 500 companies in my same position that only negotiated salaries around 38-40k. I have 1 car payment on a 5 year old car. I live in a 2 bed apartment that is WAY below market rent @ $1150. These days we struggle to make it.

I don’t think my worldview of middle class is much (if any) different than my father’s was in 1970. He managed it on one income, and he is a Farmer. I can’t accomplish half what he did financially by my age, even with a bachelors degree and a professional position. They didn’t have Ipods back then, but I don’t either. I guess the only thing I can think of that I “need” that they didn’t is a computer and an internet connection.

I don’t think it’s all that easy out there for the average American these days. If Americans outside the professional class make less in inflation adjusted dollars than they did in 2000, just think what it would look like if the govt. included housing and energy in the CPI.

[bjensen]

I can assure you all that my idea of middle class involves vacations close to home, no air travel, and a used car.

I left a sales career in preparation for law school and now work in a non-sales role where I barely break 50k. I know others who have strong resumes from fortune 500 companies in my same position that only negotiated salaries around 38-40k. I have 1 car payment on a 5 year old car. I live in a 2 bed apartment that is WAY below market rent @ $1150. These days we struggle to make it.

I don’t think my worldview of middle class is much (if any) different than my father’s was in 1970. He managed it on one income, and he is a Farmer. I can’t accomplish half what he did financially by my age, even with a bachelors degree and a professional position. They didn’t have Ipods back then, but I don’t either. I guess the only thing I can think of that I “need” that they didn’t is a computer and an internet connection.

I don’t think it’s all that easy out there for the average American these days. If Americans outside the professional class make less in inflation adjusted dollars than they did in 2000, just think what it would look like if the govt. included housing and energy in the CPI.

[bjensen]

I can assure you all that my idea of middle class involves vacations close to home, no air travel, and a used car.

I left a sales career in preparation for law school and now work in a non-sales role where I barely break 50k. I know others who have strong resumes from fortune 500 companies in my same position that only negotiated salaries around 38-40k. I have 1 car payment on a 5 year old car. I live in a 2 bed apartment that is WAY below market rent @ $1150. These days we struggle to make it.

I don’t think my worldview of middle class is much (if any) different than my father’s was in 1970. He managed it on one income, and he is a Farmer. I can’t accomplish half what he did financially by my age, even with a bachelors degree and a professional position. They didn’t have Ipods back then, but I don’t either. I guess the only thing I can think of that I “need” that they didn’t is a computer and an internet connection.

I don’t think it’s all that easy out there for the average American these days. If Americans outside the professional class make less in inflation adjusted dollars than they did in 2000, just think what it would look like if the govt. included housing and energy in the CPI.

[bjensen]

I can assure you all that my idea of middle class involves vacations close to home, no air travel, and a used car.

I left a sales career in preparation for law school and now work in a non-sales role where I barely break 50k. I know others who have strong resumes from fortune 500 companies in my same position that only negotiated salaries around 38-40k. I have 1 car payment on a 5 year old car. I live in a 2 bed apartment that is WAY below market rent @ $1150. These days we struggle to make it.

I don’t think my worldview of middle class is much (if any) different than my father’s was in 1970. He managed it on one income, and he is a Farmer. I can’t accomplish half what he did financially by my age, even with a bachelors degree and a professional position. They didn’t have Ipods back then, but I don’t either. I guess the only thing I can think of that I “need” that they didn’t is a computer and an internet connection.

I don’t think it’s all that easy out there for the average American these days. If Americans outside the professional class make less in inflation adjusted dollars than they did in 2000, just think what it would look like if the govt. included housing and energy in the CPI.

[bjensen]

I can assure you all that my idea of middle class involves vacations close to home, no air travel, and a used car.

I left a sales career in preparation for law school and now work in a non-sales role where I barely break 50k. I know others who have strong resumes from fortune 500 companies in my same position that only negotiated salaries around 38-40k. I have 1 car payment on a 5 year old car. I live in a 2 bed apartment that is WAY below market rent @ $1150. These days we struggle to make it.

I don’t think my worldview of middle class is much (if any) different than my father’s was in 1970. He managed it on one income, and he is a Farmer. I can’t accomplish half what he did financially by my age, even with a bachelors degree and a professional position. They didn’t have Ipods back then, but I don’t either. I guess the only thing I can think of that I “need” that they didn’t is a computer and an internet connection.

I don’t think it’s all that easy out there for the average American these days. If Americans outside the professional class make less in inflation adjusted dollars than they did in 2000, just think what it would look like if the govt. included housing and energy in the CPI.

[Author]

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