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David
Joined: 19 May 2004
Posts: 754
Location: Atlanta, GA
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| Posted: Fri Jan 22, 2010 11:06 pm Post subject: Falling Rents = Falling Home Prices? |
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It seems that rent prices are continuing to fall as are vacancy rates
http://www.calculatedriskblog.com/2010/01/more-on-falling-apartment-rents-and.html
It's hard to imagine home prices going up anytime soon. And with such attractive rent prices on houses right now, it may be a lot less risky just to rent that house of your dreams. What do you think? |
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EricJ
Joined: 09 Jan 2009
Posts: 321
Location: New Jersey
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| Posted: Sat Jan 23, 2010 8:43 pm Post subject: |
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David
I think it depends upon the area. In the northeast, things have stabilized and are already starting to head in an upward direction. |
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JPowell
Joined: 20 Jan 2010
Posts: 103
Location: PA
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| Posted: Sun Jan 24, 2010 3:43 am Post subject: |
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| Rent in my area is pretty high but I live in a high income area in the NE. I still think buying is the better option. Hopefully I'll be able to stop renting soon. |
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johncollins
Joined: 26 Jan 2010
Posts: 7
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| Posted: Wed Jan 27, 2010 8:47 pm Post subject: |
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| Falling rent prices will pressure housing value for sure, but the main downward pressure will be because housing is still overvalued in many areas. |
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JPowell
Joined: 20 Jan 2010
Posts: 103
Location: PA
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| Posted: Fri Jan 29, 2010 8:15 pm Post subject: |
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I read an article a few days ago that said housing values are expected to drop at least another 5% because the market is saturated and so many homes are still coming into foreclosure.
It feels like my area is pretty solid, or at least not in enough trouble for rent to start dropping regardless of this information. |
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