patrick.net

HeadSet says

But isn't rent increasing as well?

I dunno about other states, but FL rents are collapsing.

It was a modest $100 decline in 2023, 2024 saw big cuts, continuing on until 2025.

Already by Summer 2024, rents were in freefall.
https://www.redfin.com/news/rents-fall-in-florida-austin-june-2024/

https://jaredjones.com/2024/09/19/landlords-panic-as-florida-rental-market-faces-major-decline/

Not only is it Landlords desperate to get somebody to come in and mitigate their 30% rise in HOA, Insurance, Property Taxes, but FL built 100k's of new multifamily units in the past two years - forced to finish by county/state bonding laws to prevent another 2008 when developers walked away from unfinished complexes

Once Trump slams the brakes on the migration wave it's hey hey mama going down.

Blackrock is already selling off in tranches. This site is run by a real estate research app developer:
https://www.youtube.com/watch?v=Wa5r73qp-U
Home Partners of America (Blackstone) taking losses to dump fast last fall North of Tampa.
https://www.youtube.com/watch?v=G2BZbCbGN0g

The smart money is abandoning AirBNB, SFH rental, etc. and did so starting early last year.

NO bailouts for investment properties.

Rents dropping in Texas too but I'm not sure if it's as much as Florida. Probably not.

AmericanKulak says

I dunno about other states, but FL rents are collapsing.

Not around here in coastal Virginia - rents are steadily increasing. House prices are falling, but the fall is from the rapidly increased prices from the last few years.

HeadSet says

Not around here in coastal Virginia - rents are steadily increasing. House prices are falling, but the fall is from the rapidly increased prices from the last few years.

Around here in San Antonio we have a net outflow of residents so our population is decreasing, which is rare here. Over 15K apartments were build recently too mostly sitting empty.

It was difficult to get tenants for one of my rent houses last summer. It took me 4 months, a pretty major remodel, and a huge drop in rents. It put my rent gross back to around where it was in 2017.

I have a couple of young Navy kids living there now that work at one of the NSA buildings here in town which is perfect. Some people bitch and moan about small mom and pop people like me taking up the housing stock but for renters like that we do provide a service.

It's the mega-corps buying up everything that are the assholes. I still rent my self. All 3 of my rent house are equivalent to one house and San Diego and maybe 3/4 in SF bay area.

Maybe I'll sell when I finally buy something to live in but until then it keeps me diversified.