[bjensen]

Bugs,

I always value your opinion and am glad you are watching this post.

So, if rentals go down and fall to more historical levels will this further depress the housing market? Will decreasing rents make it even more attractive to rent vs. buy in the short term, causing housing to overshoot?

According to government HUD data a 2 bed fair market value in Orange County is $1595 for 2008. A quick poll of my personal friends verifies that this is pretty average for inland North Orange County. So, while you mention that there are some San Diego areas where a 2 bedroom can be had for $1000, I don’t think that’s the case in Orange County.

I am young(very young for this board) and my next home purchase will be my first. I don’t want to ruffle any landlord’s feathers here, I just want to know if rents detached from reality just like homes did. A 30% increase over inflation in the last 7-8 years seems to indicate that is did, unless it was under-priced in 2000.

If rents do go down, will housing go down even further in response?

[bjensen]

Bugs,

I always value your opinion and am glad you are watching this post.

So, if rentals go down and fall to more historical levels will this further depress the housing market? Will decreasing rents make it even more attractive to rent vs. buy in the short term, causing housing to overshoot?

According to government HUD data a 2 bed fair market value in Orange County is $1595 for 2008. A quick poll of my personal friends verifies that this is pretty average for inland North Orange County. So, while you mention that there are some San Diego areas where a 2 bedroom can be had for $1000, I don’t think that’s the case in Orange County.

I am young(very young for this board) and my next home purchase will be my first. I don’t want to ruffle any landlord’s feathers here, I just want to know if rents detached from reality just like homes did. A 30% increase over inflation in the last 7-8 years seems to indicate that is did, unless it was under-priced in 2000.

If rents do go down, will housing go down even further in response?

[bjensen]

Bugs,

I always value your opinion and am glad you are watching this post.

So, if rentals go down and fall to more historical levels will this further depress the housing market? Will decreasing rents make it even more attractive to rent vs. buy in the short term, causing housing to overshoot?

According to government HUD data a 2 bed fair market value in Orange County is $1595 for 2008. A quick poll of my personal friends verifies that this is pretty average for inland North Orange County. So, while you mention that there are some San Diego areas where a 2 bedroom can be had for $1000, I don’t think that’s the case in Orange County.

I am young(very young for this board) and my next home purchase will be my first. I don’t want to ruffle any landlord’s feathers here, I just want to know if rents detached from reality just like homes did. A 30% increase over inflation in the last 7-8 years seems to indicate that is did, unless it was under-priced in 2000.

If rents do go down, will housing go down even further in response?

[bjensen]

Bugs,

I always value your opinion and am glad you are watching this post.

So, if rentals go down and fall to more historical levels will this further depress the housing market? Will decreasing rents make it even more attractive to rent vs. buy in the short term, causing housing to overshoot?

According to government HUD data a 2 bed fair market value in Orange County is $1595 for 2008. A quick poll of my personal friends verifies that this is pretty average for inland North Orange County. So, while you mention that there are some San Diego areas where a 2 bedroom can be had for $1000, I don’t think that’s the case in Orange County.

I am young(very young for this board) and my next home purchase will be my first. I don’t want to ruffle any landlord’s feathers here, I just want to know if rents detached from reality just like homes did. A 30% increase over inflation in the last 7-8 years seems to indicate that is did, unless it was under-priced in 2000.

If rents do go down, will housing go down even further in response?

[bjensen]

Bugs,

I always value your opinion and am glad you are watching this post.

So, if rentals go down and fall to more historical levels will this further depress the housing market? Will decreasing rents make it even more attractive to rent vs. buy in the short term, causing housing to overshoot?

According to government HUD data a 2 bed fair market value in Orange County is $1595 for 2008. A quick poll of my personal friends verifies that this is pretty average for inland North Orange County. So, while you mention that there are some San Diego areas where a 2 bedroom can be had for $1000, I don’t think that’s the case in Orange County.

I am young(very young for this board) and my next home purchase will be my first. I don’t want to ruffle any landlord’s feathers here, I just want to know if rents detached from reality just like homes did. A 30% increase over inflation in the last 7-8 years seems to indicate that is did, unless it was under-priced in 2000.

If rents do go down, will housing go down even further in response?

[bjensen]

Sorry, I’m quite incoherent tonight.

I meant to say that many consider a property affordable when monthly rent for a similar property and monthly mortgage costs on a potential purchase are equal.

I promise not to post again until I come to!

[bjensen]

Sorry, I’m quite incoherent tonight.

I meant to say that many consider a property affordable when monthly rent for a similar property and monthly mortgage costs on a potential purchase are equal.

I promise not to post again until I come to!

[bjensen]

Sorry, I’m quite incoherent tonight.

I meant to say that many consider a property affordable when monthly rent for a similar property and monthly mortgage costs on a potential purchase are equal.

I promise not to post again until I come to!

[bjensen]

Sorry, I’m quite incoherent tonight.

I meant to say that many consider a property affordable when monthly rent for a similar property and monthly mortgage costs on a potential purchase are equal.

I promise not to post again until I come to!

[bjensen]

Sorry, I’m quite incoherent tonight.

I meant to say that many consider a property affordable when monthly rent for a similar property and monthly mortgage costs on a potential purchase are equal.

I promise not to post again until I come to!

[bjensen]

Sorry, I forgot to check and see if my post made any sense!

This is what I know. Rents in Orange County have increased aproximately 30% over inflation in the last 7-8 years.
This year, they are starting to stabilize. They are rising at the lowest pace in 8 years, but are still increasing.

So many consider a property affordable when monthly rent and a similary property and monthly mortgage costs on their potential purchase are equal. However, rental prices are out of whack with historical norms as well.

So, do you think rents are going to decrease and fall in line with historical rent/income ratios or will median rents continue to increase, albeit at a lower percentage year over year?

Does that make sense?

So are

[bjensen]

Sorry, I forgot to check and see if my post made any sense!

This is what I know. Rents in Orange County have increased aproximately 30% over inflation in the last 7-8 years.
This year, they are starting to stabilize. They are rising at the lowest pace in 8 years, but are still increasing.

So many consider a property affordable when monthly rent and a similary property and monthly mortgage costs on their potential purchase are equal. However, rental prices are out of whack with historical norms as well.

So, do you think rents are going to decrease and fall in line with historical rent/income ratios or will median rents continue to increase, albeit at a lower percentage year over year?

Does that make sense?

So are

[bjensen]

Sorry, I forgot to check and see if my post made any sense!

This is what I know. Rents in Orange County have increased aproximately 30% over inflation in the last 7-8 years.
This year, they are starting to stabilize. They are rising at the lowest pace in 8 years, but are still increasing.

So many consider a property affordable when monthly rent and a similary property and monthly mortgage costs on their potential purchase are equal. However, rental prices are out of whack with historical norms as well.

So, do you think rents are going to decrease and fall in line with historical rent/income ratios or will median rents continue to increase, albeit at a lower percentage year over year?

Does that make sense?

So are

[bjensen]

Sorry, I forgot to check and see if my post made any sense!

This is what I know. Rents in Orange County have increased aproximately 30% over inflation in the last 7-8 years.
This year, they are starting to stabilize. They are rising at the lowest pace in 8 years, but are still increasing.

So many consider a property affordable when monthly rent and a similary property and monthly mortgage costs on their potential purchase are equal. However, rental prices are out of whack with historical norms as well.

So, do you think rents are going to decrease and fall in line with historical rent/income ratios or will median rents continue to increase, albeit at a lower percentage year over year?

Does that make sense?

So are

[bjensen]

Sorry, I forgot to check and see if my post made any sense!

This is what I know. Rents in Orange County have increased aproximately 30% over inflation in the last 7-8 years.
This year, they are starting to stabilize. They are rising at the lowest pace in 8 years, but are still increasing.

So many consider a property affordable when monthly rent and a similary property and monthly mortgage costs on their potential purchase are equal. However, rental prices are out of whack with historical norms as well.

So, do you think rents are going to decrease and fall in line with historical rent/income ratios or will median rents continue to increase, albeit at a lower percentage year over year?

Does that make sense?

So are

[Author]

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