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Return of a pulse to home sales is crimping rents

By tvgnus   Follow   Mon, 21 Jan 2013, 9:09pm   488 views   7 comments
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http://www.centralvalleybusinesstimes.com/stories/001/?ID=22699

Rent rate increases taper off or even begin to fall •  A damper on the apartment rental market in most parts of the country Rents have stopped growing and one research firm points the finger squarely at a return to life of the housing industry.

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1. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,036 comments Pleasanton, CA Premium

   1   9:51pm Mon 21 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   Yup, this matches what I see in my searches. Rents are cheaper and getting more plentiful. Gotta love it! Rent a 1 million+ house for $3000/mth and live like a king!

2. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   2   10:15pm Mon 21 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   RentingForHalfTheCost says Yup, this matches what I see in my searches. Rents are cheaper and getting more plentiful. Gotta love it! Rent a 1 million+ house for $3000/mth and live like a king! Yep. Why would you just want a nice place to live when you can rent a nice place for half the cost and live like a king? It doesn't make sense to me. Gotta love renting. :)

3. Greenhead2 Follow Befriend 1 comments

   3   1:47pm Tue 22 Jan 2013   Share   Quote   Permalink   Like   Dislike   Here in the Coachella Valley, there are now a lot more homes and apartments for rent, and at lower prices, than there were 6 months ago. Around here, it should be the opposite of that because of the snowbirds.

4. errc Follow Befriend (7) 30 threads 1,222 comments 31 male Premium

   4   2:07pm Tue 22 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   Property managers in my area are having to give hefty concessions to keep occupancy above 95%. There is certainly no shortage of units for those in the market to rent right now, that's for certain. I'm contemplating selling my place now, or at least putting it on the market with a jacked up price tag, and going back to being a renter.

5. E-man Follow Befriend (31) 34 threads 2,554 comments San Jose, CA Premium

   5   2:12pm Tue 22 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   errc says I'm contemplating selling my place now, or at least putting it on the market with a jacked up price tag, and going back to being a renter. Sounds like a plan. Lock in your gain b/4 it's all evaporated into thin air. Your taxes would have been lower had you sold it last year. :)

6. robertoaribas Follow Befriend (23) 55 threads 3,838 comments Scottsdale, AZ robertoaribas's website

   6   2:29pm Tue 22 Jan 2013   Share   Quote   Permalink   Like   Dislike   That article had rent rising what $42 in the prior 2 quarters, before giving back $2? if it gives back $10 more in the last quarter, it is still up 3% year on year.... 3% year over year for several years I would do backflips for!

7. errc Follow Befriend (7) 30 threads 1,222 comments 31 male Premium

   7   2:30pm Tue 22 Jan 2013   Share   Quote   Permalink   Like   Dislike   Protected   E-man says errc says I'm contemplating selling my place now, or at least putting it on the market with a jacked up price tag, and going back to being a renter. Sounds like a plan. Lock in your gain b/4 it's all evaporated into thin air. Your taxes would have been lower had you sold it last year. :) I'm not holding my breath that there's any real gains to realize, its just my primary residence lol. I've run the gamut of borders in the eight years I've lived here, and just feel that I'm at a different point in life. It might cost me more dollars out of pocket to go back to renting, but dollars are of little value to me and I'm wondering if id get more enjoyment out of the time,,,,