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cv2
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My opinion is that rents will be soft along with the economy, but will track inflation.
Hmm, as we all experienced now, inflation is rampant. Do you mean that actually rents will go up?
BTW, I really do not care about the core inflation posted by the government.
May 27, 2008 at 9:01 AM in reply to: Will rents create a price floor despite the mini rental bubble? #211948Participant”
3) LL’s NEED more rent. I have a family member who bought a rental at the height of the market. (I all but held him a knife point not to) The rent he gets was about $750 cash negative. Now he can afford it no prob, but doesnt want to. So with every renewal he ups it $50-$100 or more, whatever the market will bear, to get to breaking even. He can afford it, just think about all those that in all reality, cant. Talk about motivation to increase rents.
”I can attest to that. In my complex, the going rate is about $1,600/month but you would find some LLs advertise for $2,000 on craigslist.
My theory is that rental market is very local. LL figured out that every greedy LL united to hike the price and eventually every properties in the neighbourhood will be offered at $2,000. Somebody got to start this thing because all LL are bleeding to a slow death.
May 27, 2008 at 9:01 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212020Participant”
3) LL’s NEED more rent. I have a family member who bought a rental at the height of the market. (I all but held him a knife point not to) The rent he gets was about $750 cash negative. Now he can afford it no prob, but doesnt want to. So with every renewal he ups it $50-$100 or more, whatever the market will bear, to get to breaking even. He can afford it, just think about all those that in all reality, cant. Talk about motivation to increase rents.
”I can attest to that. In my complex, the going rate is about $1,600/month but you would find some LLs advertise for $2,000 on craigslist.
My theory is that rental market is very local. LL figured out that every greedy LL united to hike the price and eventually every properties in the neighbourhood will be offered at $2,000. Somebody got to start this thing because all LL are bleeding to a slow death.
May 27, 2008 at 9:01 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212049Participant”
3) LL’s NEED more rent. I have a family member who bought a rental at the height of the market. (I all but held him a knife point not to) The rent he gets was about $750 cash negative. Now he can afford it no prob, but doesnt want to. So with every renewal he ups it $50-$100 or more, whatever the market will bear, to get to breaking even. He can afford it, just think about all those that in all reality, cant. Talk about motivation to increase rents.
”I can attest to that. In my complex, the going rate is about $1,600/month but you would find some LLs advertise for $2,000 on craigslist.
My theory is that rental market is very local. LL figured out that every greedy LL united to hike the price and eventually every properties in the neighbourhood will be offered at $2,000. Somebody got to start this thing because all LL are bleeding to a slow death.
May 27, 2008 at 9:01 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212071Participant”
3) LL’s NEED more rent. I have a family member who bought a rental at the height of the market. (I all but held him a knife point not to) The rent he gets was about $750 cash negative. Now he can afford it no prob, but doesnt want to. So with every renewal he ups it $50-$100 or more, whatever the market will bear, to get to breaking even. He can afford it, just think about all those that in all reality, cant. Talk about motivation to increase rents.
”I can attest to that. In my complex, the going rate is about $1,600/month but you would find some LLs advertise for $2,000 on craigslist.
My theory is that rental market is very local. LL figured out that every greedy LL united to hike the price and eventually every properties in the neighbourhood will be offered at $2,000. Somebody got to start this thing because all LL are bleeding to a slow death.
May 27, 2008 at 9:01 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212101Participant”
3) LL’s NEED more rent. I have a family member who bought a rental at the height of the market. (I all but held him a knife point not to) The rent he gets was about $750 cash negative. Now he can afford it no prob, but doesnt want to. So with every renewal he ups it $50-$100 or more, whatever the market will bear, to get to breaking even. He can afford it, just think about all those that in all reality, cant. Talk about motivation to increase rents.
”I can attest to that. In my complex, the going rate is about $1,600/month but you would find some LLs advertise for $2,000 on craigslist.
My theory is that rental market is very local. LL figured out that every greedy LL united to hike the price and eventually every properties in the neighbourhood will be offered at $2,000. Somebody got to start this thing because all LL are bleeding to a slow death.
ParticipantYes, 13% drop is nothing in greater SD area but this is happening in the supposed invincible Carmel Valley…
ParticipantYes, 13% drop is nothing in greater SD area but this is happening in the supposed invincible Carmel Valley…
ParticipantYes, 13% drop is nothing in greater SD area but this is happening in the supposed invincible Carmel Valley…
ParticipantYes, 13% drop is nothing in greater SD area but this is happening in the supposed invincible Carmel Valley…
ParticipantYes, 13% drop is nothing in greater SD area but this is happening in the supposed invincible Carmel Valley…
ParticipantHere’s an example Pardee Portico development
http://www.sdlookup.com/MLS-081010705-6044_Roselle_Meadows_Trl_San_Diego_CA_92130
05/19/2008 $702,000 2y 6m -13% -5%
11/04/2005 $805,098 n/a – –“This home has over $80,000 in upgrades and is truly a must see.”
A must see to see $80K goes up in smoke 🙂
ParticipantHere’s an example Pardee Portico development
http://www.sdlookup.com/MLS-081010705-6044_Roselle_Meadows_Trl_San_Diego_CA_92130
05/19/2008 $702,000 2y 6m -13% -5%
11/04/2005 $805,098 n/a – –“This home has over $80,000 in upgrades and is truly a must see.”
A must see to see $80K goes up in smoke 🙂
ParticipantHere’s an example Pardee Portico development
http://www.sdlookup.com/MLS-081010705-6044_Roselle_Meadows_Trl_San_Diego_CA_92130
05/19/2008 $702,000 2y 6m -13% -5%
11/04/2005 $805,098 n/a – –“This home has over $80,000 in upgrades and is truly a must see.”
A must see to see $80K goes up in smoke 🙂
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