patrick.net

Get rid of "house" in your search.

http://sfbay.craigslist.org/search/apa/sby?query=&srchType=T&bedrooms=&nh=41

8 pages.

And no, housing shortage in Santa Clara? It's one of the most plentiful places for cheaper rentals.

I'm not talking about apartments though. There's almost never a shortage of apartments to rent.

in rent vs buy tradeoff the alternative to buying is supposed to be renting similar property.

It's still flawed. Not everyone puts the word "house" in their listing. Nor does everyone create a craigslist ad. SFHs still have to compete with townhouses.

Either way, it's still clearly much cheaper to rent than buy the vast majority of houses in Santa Clara, though the purchase prices have been steadily dropping.

Also, their search index is broken.

http://sfbay.craigslist.org/search/apa/sby?query=house&srchType=T&bedrooms=&nh=41

Looks for "house" but this listing clearly has "house" in it

http://sfbay.craigslist.org/sby/apa/1893019439.html

Yet it doesn't show up in the search.

So, it's flawed on multiple points.

Expect further declines in Santa Clara.

the index isn't broken I did a search for "house" in the title.

I agree it's cheaper to rent than buy in Santa Clara....if you're happy with the 11 rental houses to choose from. Half of them are dumps the other half are probably headed to foreclosure.

In any case if you're renting keep your fingers crossed that your landlord doesn't decide to sell.

Sigh. It's still flawed, there are far more than 11 "houses" to rent in Santa Clara. Hard to understand? Yeah, about as hard as it is to move.

My landlord selling or foreclosing (far more likely) are the least of my worries. It's really not a big deal.

Please stop using that argument, it's dumb.

well I havent rented in a long time. But i imagine it would be a worry If my family faced the prospect of being one month away from having to choose from +-11 houses available.

I would probably bite the bullet and buy an overpriced house. So I can understand why people are doing just that.

you are not even asking a question, you basically already have your own answer and just asking support from certain people on this board...

Buying an OP house is up to them. Sadly, that's why we have the problem we have today. More foreclosures and short sales on their way.

As far as selling, it should be pretty obvious the house you're renting is for sale, giving you much longer than a month.

As far as foreclosure, the bank is required to adhere to the original lease or give 90 days notice, whichever is more. If the home is purchased, and not being used as a primary residence, the same rules apply.

http://www.nolo.com/legal-encyclopedia/article-30064.html

It's nowhere near as bad as people make it.

warblah says

you are not even asking a question, you basically already have your own answer and just asking support from certain people on this board…

I'm dont normally search for rentals so my question is this normal for Silicon Valley or is the rental market actually getting tighter?
I think it's a good thing to ask.

not to alarm you Crazyman but I did a check on Campbell and their rental market is REALLY tight.

toothfairy says

not to alarm you Crazyman but I did a check on Campbell and their rental market is REALLY tight.

Rents are down and I can get them all day.

I still rent a corner lot 3 bedroom house for $1800.

My buddy just rented a condo that sold in 2005 for 479, for $1500. The condos are now selling for 300K.

Still going down.

When looking for a rental I check with the city or county assessor records to see when the property last changed hands. If the landlord bought long before the bubble, they probably won't need to sell. You can usually find the value of the property at the time of the last sale as well.

It might not be possible in desirable areas like the bay area for rents to head down while there's so much shadow inventory, but here in Arizona it isn't a problem at all because of massive overbuilding. Where I live, and even in worse in Phoenix, there are so many more houses and apartments than people that even with shadow inventory there's more supply than demand. I sometimes forget when I'm reading this board how different a world it is just one state over. There are lots of places in Arizona where they could build no new homes for a decade or longer and still not have a housing shortage.

Crazyman is right. There is no shortage, because there frankly is no demand. A real shortage would look something like 1998-99. as many rushed into the valley. After 2000, demand and prices dropped like a rock. There is rather a plenty of supply when you look at who comes here... not families but single folks.

permanent_marker says

http://sfbay.craigslist.org/search/apa/sby?query=single+family&srchType=A&bedrooms=&nh=41
searched for ’single family’ around ~20 listings.

Might as well search for djkasdklasjdkljwklqdjqwkljdklqwj.

It's just as meaningless.

as bad as our situation is at least it's not this bad.

http://www.thegrio.com/news/hell-breaks-loose-in-line-for-georgia-public-housing.php

toothfairy says

as bad as our situation is at least it’s not this bad.
http://www.thegrio.com/news/hell-breaks-loose-in-line-for-georgia-public-housing.php

That's been on quite a few programs today......CNBC, FBN, etc., and they were quoting city officials said there is zero houses available as of today and this application is to only get on a list and then the official said that most will never get a place. There were even police in riot gear, but thankfully, for the most part most folks were well behaved according to those same reports. I would say that the city should have come up with a better plan than standing on cars throwing out applications to the masses.

rob918 says

toothfairy says

as bad as our situation is at least it’s not this bad.
http://www.thegrio.com/news/hell-breaks-loose-in-line-for-georgia-public-housing.php

That’s been on quite a few programs today……CNBC, FBN, etc., and they were quoting city officials said there is zero houses available as of today and this application is to only get on a list and then the official said that most will never get a place. There were even police in riot gear, but thankfully, everyone was well behaved. I would say that the city should have come up with a better plan than standing on cars throwing out applications to the masses.

Yes, I've heard that there are roaming gangs of people who are currently homeless due to foreclosure and the scarce availability of rental houses all around Lafayette, Orinda, Moraga, Walnut Creek, Alamo, Danville, San Ramon, Redwood City, Palo Alto, Sunnyvale, Mountainview, Menlo Park, Marin County, San Francisco, Berkeley, and Oakland. You need to watch yourself because if you walk around outside and have any papers with you they think they are rental applications for houses. If you don't give them your papers immediately, they beat you until you give up your papers. Then they write all over them and throw them back on top of you as you lay writhing in pain from your beating. Then they run away to the next person they see who has papers. There is a threat by local mayors to send in the National Guard to control these wild packs of potential house renters. They are voracious and must be stopped!

http://www.youtube.com/watch?v=5wZdkPvzTLI

I don't agree with everything he said, but he does make interesting videos.