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(former)FormerSanDiegan
ParticipantFor those who don;t know what pent-up demand is, this is a demonstration. At the right price there appears to be plenty of demand.
What a bunch of crap they are pulling on this sale…
What if every house in the Clairemont Mount Streets was priced in the 350K range ? Isn’t that what you want ?May 28, 2008 at 7:45 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212423ParticipantThanks surveyor and CA renter for some excellent explanations of mechanisms for changes in rent, including some driven by speculation in other parts of the economy. I believe that all of these are inherently supply/demand related. Though some mechanisms are caused by other bubbles (excessive speculation).
So, I agree that rents may be driven upward by speculation or excesses in other parts of the economy (e.g. excessive jobs created by venture capital during the dot-com boom), but there really is no rent bubble, in the same sense that there was a stock bubble in the late 1990’s and real estate bubble in the mid 2000’s.May 28, 2008 at 7:45 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212497ParticipantThanks surveyor and CA renter for some excellent explanations of mechanisms for changes in rent, including some driven by speculation in other parts of the economy. I believe that all of these are inherently supply/demand related. Though some mechanisms are caused by other bubbles (excessive speculation).
So, I agree that rents may be driven upward by speculation or excesses in other parts of the economy (e.g. excessive jobs created by venture capital during the dot-com boom), but there really is no rent bubble, in the same sense that there was a stock bubble in the late 1990’s and real estate bubble in the mid 2000’s.May 28, 2008 at 7:45 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212524ParticipantThanks surveyor and CA renter for some excellent explanations of mechanisms for changes in rent, including some driven by speculation in other parts of the economy. I believe that all of these are inherently supply/demand related. Though some mechanisms are caused by other bubbles (excessive speculation).
So, I agree that rents may be driven upward by speculation or excesses in other parts of the economy (e.g. excessive jobs created by venture capital during the dot-com boom), but there really is no rent bubble, in the same sense that there was a stock bubble in the late 1990’s and real estate bubble in the mid 2000’s.May 28, 2008 at 7:45 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212545ParticipantThanks surveyor and CA renter for some excellent explanations of mechanisms for changes in rent, including some driven by speculation in other parts of the economy. I believe that all of these are inherently supply/demand related. Though some mechanisms are caused by other bubbles (excessive speculation).
So, I agree that rents may be driven upward by speculation or excesses in other parts of the economy (e.g. excessive jobs created by venture capital during the dot-com boom), but there really is no rent bubble, in the same sense that there was a stock bubble in the late 1990’s and real estate bubble in the mid 2000’s.May 28, 2008 at 7:45 AM in reply to: Will rents create a price floor despite the mini rental bubble? #212576ParticipantThanks surveyor and CA renter for some excellent explanations of mechanisms for changes in rent, including some driven by speculation in other parts of the economy. I believe that all of these are inherently supply/demand related. Though some mechanisms are caused by other bubbles (excessive speculation).
So, I agree that rents may be driven upward by speculation or excesses in other parts of the economy (e.g. excessive jobs created by venture capital during the dot-com boom), but there really is no rent bubble, in the same sense that there was a stock bubble in the late 1990’s and real estate bubble in the mid 2000’s.May 27, 2008 at 1:32 PM in reply to: Will rents create a price floor despite the mini rental bubble? #212163ParticipantWhat could cause a rental bubble ?
It’s not as though speculation would lead to higher rents.
What mechanism could cause a bubble in rent ?It seems to me that rent is probably more firmly grounded in market fundamentals than prices. That goes for both commercial and residential. It’s driven by supply and demand.
As for the discrepancy in incomes and rents, doesn’t the 17% increase from 2000 to 2001 seem suspect ? Especially for the start of a recession. It seems to me that we need a longer time frame of data to make sense of this. Most of the “bubble” in rents is attributed to this strange jump. Perhaps the metric changed or they use models and adjust it with census data.
May 27, 2008 at 1:32 PM in reply to: Will rents create a price floor despite the mini rental bubble? #212237ParticipantWhat could cause a rental bubble ?
It’s not as though speculation would lead to higher rents.
What mechanism could cause a bubble in rent ?It seems to me that rent is probably more firmly grounded in market fundamentals than prices. That goes for both commercial and residential. It’s driven by supply and demand.
As for the discrepancy in incomes and rents, doesn’t the 17% increase from 2000 to 2001 seem suspect ? Especially for the start of a recession. It seems to me that we need a longer time frame of data to make sense of this. Most of the “bubble” in rents is attributed to this strange jump. Perhaps the metric changed or they use models and adjust it with census data.
May 27, 2008 at 1:32 PM in reply to: Will rents create a price floor despite the mini rental bubble? #212264ParticipantWhat could cause a rental bubble ?
It’s not as though speculation would lead to higher rents.
What mechanism could cause a bubble in rent ?It seems to me that rent is probably more firmly grounded in market fundamentals than prices. That goes for both commercial and residential. It’s driven by supply and demand.
As for the discrepancy in incomes and rents, doesn’t the 17% increase from 2000 to 2001 seem suspect ? Especially for the start of a recession. It seems to me that we need a longer time frame of data to make sense of this. Most of the “bubble” in rents is attributed to this strange jump. Perhaps the metric changed or they use models and adjust it with census data.
May 27, 2008 at 1:32 PM in reply to: Will rents create a price floor despite the mini rental bubble? #212286ParticipantWhat could cause a rental bubble ?
It’s not as though speculation would lead to higher rents.
What mechanism could cause a bubble in rent ?It seems to me that rent is probably more firmly grounded in market fundamentals than prices. That goes for both commercial and residential. It’s driven by supply and demand.
As for the discrepancy in incomes and rents, doesn’t the 17% increase from 2000 to 2001 seem suspect ? Especially for the start of a recession. It seems to me that we need a longer time frame of data to make sense of this. Most of the “bubble” in rents is attributed to this strange jump. Perhaps the metric changed or they use models and adjust it with census data.
May 27, 2008 at 1:32 PM in reply to: Will rents create a price floor despite the mini rental bubble? #212316ParticipantWhat could cause a rental bubble ?
It’s not as though speculation would lead to higher rents.
What mechanism could cause a bubble in rent ?It seems to me that rent is probably more firmly grounded in market fundamentals than prices. That goes for both commercial and residential. It’s driven by supply and demand.
As for the discrepancy in incomes and rents, doesn’t the 17% increase from 2000 to 2001 seem suspect ? Especially for the start of a recession. It seems to me that we need a longer time frame of data to make sense of this. Most of the “bubble” in rents is attributed to this strange jump. Perhaps the metric changed or they use models and adjust it with census data.
ParticipantThe date for my SSN came and went. Since we have direct deposit of refunds and electronic filing we would have received a direct deposit. But, alas, we are not eligible. To those who received or will receive a check, you are welcome …
But don’t let it happen again.
ParticipantThe date for my SSN came and went. Since we have direct deposit of refunds and electronic filing we would have received a direct deposit. But, alas, we are not eligible. To those who received or will receive a check, you are welcome …
But don’t let it happen again.
ParticipantThe date for my SSN came and went. Since we have direct deposit of refunds and electronic filing we would have received a direct deposit. But, alas, we are not eligible. To those who received or will receive a check, you are welcome …
But don’t let it happen again.
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