[surveyor]

paces

I know that many properties are being held indefinitely at this point, but I can’t help but wonder if they will eventually become rentals and increase supply.

I know I’m in the extreme minority in thinking rents won’t be going down, but here’s the question: how will those bank held properties eventually become rentals? Everyone says, oh, lots of foreclosures, lots of REO’s, the rents will go down soon. Well, those foreclosures and REO’s need to find an investor willing to get a loan on the property (which is hard given the credit crunch nowadays), with enough money to put into the place to make it rentable (not a lot of investors with a lot of cash money nowadays), and then you need a lot of those investors in order to make an effect on rental prices. I just don’t see it happening (yet). Believe me, I’m looking. If these investors start going into the market again, everyone would notice because sales would start increasing.

Which I guess would be when the bottom is. =shrug=

[surveyor]

paces

I know that many properties are being held indefinitely at this point, but I can’t help but wonder if they will eventually become rentals and increase supply.

I know I’m in the extreme minority in thinking rents won’t be going down, but here’s the question: how will those bank held properties eventually become rentals? Everyone says, oh, lots of foreclosures, lots of REO’s, the rents will go down soon. Well, those foreclosures and REO’s need to find an investor willing to get a loan on the property (which is hard given the credit crunch nowadays), with enough money to put into the place to make it rentable (not a lot of investors with a lot of cash money nowadays), and then you need a lot of those investors in order to make an effect on rental prices. I just don’t see it happening (yet). Believe me, I’m looking. If these investors start going into the market again, everyone would notice because sales would start increasing.

Which I guess would be when the bottom is. =shrug=

[surveyor]

paces

I know that many properties are being held indefinitely at this point, but I can’t help but wonder if they will eventually become rentals and increase supply.

I know I’m in the extreme minority in thinking rents won’t be going down, but here’s the question: how will those bank held properties eventually become rentals? Everyone says, oh, lots of foreclosures, lots of REO’s, the rents will go down soon. Well, those foreclosures and REO’s need to find an investor willing to get a loan on the property (which is hard given the credit crunch nowadays), with enough money to put into the place to make it rentable (not a lot of investors with a lot of cash money nowadays), and then you need a lot of those investors in order to make an effect on rental prices. I just don’t see it happening (yet). Believe me, I’m looking. If these investors start going into the market again, everyone would notice because sales would start increasing.

Which I guess would be when the bottom is. =shrug=

[surveyor]

paces

I know that many properties are being held indefinitely at this point, but I can’t help but wonder if they will eventually become rentals and increase supply.

I know I’m in the extreme minority in thinking rents won’t be going down, but here’s the question: how will those bank held properties eventually become rentals? Everyone says, oh, lots of foreclosures, lots of REO’s, the rents will go down soon. Well, those foreclosures and REO’s need to find an investor willing to get a loan on the property (which is hard given the credit crunch nowadays), with enough money to put into the place to make it rentable (not a lot of investors with a lot of cash money nowadays), and then you need a lot of those investors in order to make an effect on rental prices. I just don’t see it happening (yet). Believe me, I’m looking. If these investors start going into the market again, everyone would notice because sales would start increasing.

Which I guess would be when the bottom is. =shrug=

[surveyor]

hmmm…

The $1090 to $1515 reflects an increase of about 5.5% per year. A little on the high side, but certainly not altogether unreasonable, considering current vacancy rates.

I’ve been able to raise the rent myself on my two properties here in San Diego. I raised them 4%, but my raised rents are still below similar properties.

I’ve been putting out feelers to some mortgage brokers and realtors I know and asking them if they’ve been seeing any investor activity due to these lower prices. They’ve been telling me no. Until this investor activity increases, I don’t see rents going down, especially low cost rents.

I will say that there is some softness in the high end rents (rents above $2000) that I’ve been observing.

[surveyor]

hmmm…

The $1090 to $1515 reflects an increase of about 5.5% per year. A little on the high side, but certainly not altogether unreasonable, considering current vacancy rates.

I’ve been able to raise the rent myself on my two properties here in San Diego. I raised them 4%, but my raised rents are still below similar properties.

I’ve been putting out feelers to some mortgage brokers and realtors I know and asking them if they’ve been seeing any investor activity due to these lower prices. They’ve been telling me no. Until this investor activity increases, I don’t see rents going down, especially low cost rents.

I will say that there is some softness in the high end rents (rents above $2000) that I’ve been observing.

[surveyor]

hmmm…

The $1090 to $1515 reflects an increase of about 5.5% per year. A little on the high side, but certainly not altogether unreasonable, considering current vacancy rates.

I’ve been able to raise the rent myself on my two properties here in San Diego. I raised them 4%, but my raised rents are still below similar properties.

I’ve been putting out feelers to some mortgage brokers and realtors I know and asking them if they’ve been seeing any investor activity due to these lower prices. They’ve been telling me no. Until this investor activity increases, I don’t see rents going down, especially low cost rents.

I will say that there is some softness in the high end rents (rents above $2000) that I’ve been observing.

[surveyor]

hmmm…

The $1090 to $1515 reflects an increase of about 5.5% per year. A little on the high side, but certainly not altogether unreasonable, considering current vacancy rates.

I’ve been able to raise the rent myself on my two properties here in San Diego. I raised them 4%, but my raised rents are still below similar properties.

I’ve been putting out feelers to some mortgage brokers and realtors I know and asking them if they’ve been seeing any investor activity due to these lower prices. They’ve been telling me no. Until this investor activity increases, I don’t see rents going down, especially low cost rents.

I will say that there is some softness in the high end rents (rents above $2000) that I’ve been observing.

[surveyor]

hmmm…

The $1090 to $1515 reflects an increase of about 5.5% per year. A little on the high side, but certainly not altogether unreasonable, considering current vacancy rates.

I’ve been able to raise the rent myself on my two properties here in San Diego. I raised them 4%, but my raised rents are still below similar properties.

I’ve been putting out feelers to some mortgage brokers and realtors I know and asking them if they’ve been seeing any investor activity due to these lower prices. They’ve been telling me no. Until this investor activity increases, I don’t see rents going down, especially low cost rents.

I will say that there is some softness in the high end rents (rents above $2000) that I’ve been observing.

[surveyor]

odd

It’s harsh, but slavery was and has been a part of human history for throughout its existence. Nobody put much stock into its being wrong until the rise of the western world.

For all its faults, America and the Western world evolved to have a belief system that essentially eradicated slavery within its ranks.

Maybe instead of asking America for reparations, those playing the slavery card should thank America.

http://www.cnn.com/2008/US/06/04/human.trafficking/index.html

Notice how countries with the biggest human trafficking/slavery problems are non-western countries?

[surveyor]

odd

It’s harsh, but slavery was and has been a part of human history for throughout its existence. Nobody put much stock into its being wrong until the rise of the western world.

For all its faults, America and the Western world evolved to have a belief system that essentially eradicated slavery within its ranks.

Maybe instead of asking America for reparations, those playing the slavery card should thank America.

http://www.cnn.com/2008/US/06/04/human.trafficking/index.html

Notice how countries with the biggest human trafficking/slavery problems are non-western countries?

[surveyor]

odd

It’s harsh, but slavery was and has been a part of human history for throughout its existence. Nobody put much stock into its being wrong until the rise of the western world.

For all its faults, America and the Western world evolved to have a belief system that essentially eradicated slavery within its ranks.

Maybe instead of asking America for reparations, those playing the slavery card should thank America.

http://www.cnn.com/2008/US/06/04/human.trafficking/index.html

Notice how countries with the biggest human trafficking/slavery problems are non-western countries?

[surveyor]

odd

It’s harsh, but slavery was and has been a part of human history for throughout its existence. Nobody put much stock into its being wrong until the rise of the western world.

For all its faults, America and the Western world evolved to have a belief system that essentially eradicated slavery within its ranks.

Maybe instead of asking America for reparations, those playing the slavery card should thank America.

http://www.cnn.com/2008/US/06/04/human.trafficking/index.html

Notice how countries with the biggest human trafficking/slavery problems are non-western countries?

[surveyor]

odd

It’s harsh, but slavery was and has been a part of human history for throughout its existence. Nobody put much stock into its being wrong until the rise of the western world.

For all its faults, America and the Western world evolved to have a belief system that essentially eradicated slavery within its ranks.

Maybe instead of asking America for reparations, those playing the slavery card should thank America.

http://www.cnn.com/2008/US/06/04/human.trafficking/index.html

Notice how countries with the biggest human trafficking/slavery problems are non-western countries?

[surveyor]

oh yeah

By the same token, why didn’t the state government require those hundreds of developers and landowner sellers in places like Vacaville to fund a mass transit system from their profits . Did they think that would be communism?

Uh huh, if you think that home prices are expensive now, just wait until some requirement like that is put into place. It’ll make the bubble gosh darn cheap.

First rule of business – costs are passed on to the eventual buyers. If you can’t do anything with a reasonable amount of profit, then it’s better to just not do it at all.

[Author]

Posts