patrick.net

Yes, it is inevitable that rising rents would push people off the fence to buy. While rents for the most part were stable from 2005-2009, the landlords, especially apartment complexes could not leave well enough alone.

Even with the rent increase, it's still not even close in the nice parts of the BA.

If you're comparing your monthly nut to renting after putting 20% down, you're doing it wrong.

dublin hillz says

Yes, it is inevitable that rising rents would push people off the fence to buy. While rents for the most part were stable from 2005-2009, the landlords, especially apartment complexes could not leave well enough alone.

The only pushing that is going on is people finally getting pushed out of their homes after not paying the mortgage for years. Further house price drops will only help lower rental rates. All these investors fighting for the same renters. I got a few investor friends that had high hopes of how much they could rent. Well, until they drop down their places still sit empty. They don't want to drop because of fear of getting crappy tenants. Yah, things are beautiful out there in the landlord world. Liars all around.

RentingForHalfTheCost says

dublin hillz says

Yes, it is inevitable that rising rents would push people off the fence to buy. While rents for the most part were stable from 2005-2009, the landlords, especially apartment complexes could not leave well enough alone.

The only pushing that is going on is people finally getting pushed out of their homes after not paying the mortgage for years. Further house price drops will only help lower rental rates. All these investors fighting for the same renters. I got a few investor friends that had high hopes of how much they could rent. Well, until they drop down their places still sit empty. They don't want to drop because of fear of getting crappy tenants. Yah, things are beautiful out there in the landlord world. Liars all around.

As far as apartment complexes go, I doubt that they ever did better than they are doing now, especially Archstone.

Ahhhh.. internet arguing at it's finest.

Seriously, do you know how to read??

Contrary to the national data, six of
those markets experienced declines in rental
prices between Q1 2011 and Q1 2012.

Which part of "contrary" do you not understand. Overall the market has gone up 4.4% with declines in the 6 markets you noted (LA, Denver, DC, Chicago, Houston and Vegas).

joshuatrio says

Ahhhh.. internet arguing at it's finest.

Right. I am really enjoying. :)

Caveat for thread title: "...in some areas."

toothfairy says

rising rents have flipped the rent vs. buy economics

rising rents like rising home prices are job killers... why employ in the high costs SF Bay Area if both are going up and employers need to pay more when OTHER PLACES are much cheaper... wake up its a whole new world out there.

Was in the bank again yesterday and young couple strolled in looking for an account, we get quite a few MI transplants here, and they moved to the highest rent part of our city, you can bet money they moved from a cheap rental with no jobs to a much higher rental cost with a decent job. In my area paying 80k for a home is comparable to renting. Still, I'll never buy again, I'll share a rental like I did when I was younger. It feels like 2001 all over again when everything that was on the market was junk/picked over.