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AlphaCentauri (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:13 PM Original message |
House prices are down, why rents still high? |
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bobbolink (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:14 PM Response to Original message |
1. Because we don't have anywhere else to go. Sound familiar? |
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dkf (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:15 PM Response to Original message |
2. Did your landlord's mortgage go down? |
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joshcryer (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:19 PM Response to Reply #2 |
3. Unlikely, but house buyers are able to buy them cheaper, thus having a lower mortgage. |
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dkf (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:42 PM Response to Reply #3 |
16. Is that really the Morality we espouse? Take what we want? |
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AlphaCentauri (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:22 PM Response to Reply #2 |
5. I think many landlords are restructuring or renegotiating their mortgages |
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WannaJumpMyScooter (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:23 PM Response to Reply #5 |
7. and time and time again, reality has shown |
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virgogal (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:20 PM Response to Original message |
4. That would be nice------rents are horrific. |
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TBF (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:22 PM Response to Original message |
6. As foreclosures rise it creates a better rental market for the owners, |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:28 PM Response to Reply #6 |
11. It depends. If you are renting out apartments |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:33 PM Response to Reply #11 |
14. If you only break even with a full building, why even be in the business? |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:04 PM Response to Reply #14 |
18. It's an investment, not a cash cow. |
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AlphaCentauri (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:44 PM Response to Reply #11 |
17. Many people think the demand for rental property is increasing now |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:06 PM Response to Reply #17 |
20. I bet that you're right about that. n/t |
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AlphaCentauri (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 02:55 PM Response to Reply #20 |
32. if rents were lower tenants would be looking for vacant units n/t |
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AlphaCentauri (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:28 PM Response to Reply #6 |
12. I have seen buildings with 6 or 7 vacant units for months |
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EFerrari (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:24 PM Response to Original message |
8. Because it's hard to refinance all those bad mortgages |
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rawbean (6 posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:24 PM Response to Original message |
9. future FEMA camp population |
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CoffeeCat (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 10:19 PM Response to Reply #9 |
28. So the banking mortgage system is going... |
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rox63 (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:27 PM Response to Original message |
10. The folks losing their homes to foreclosure have to live somewhere |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:31 PM Response to Original message |
13. Because the rental markets are flooded with people who had to |
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tammywammy (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 08:38 PM Response to Reply #13 |
15. +1 n/t |
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DontTreadOnMe (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:05 PM Response to Original message |
19. Many large apartment landlords can weather the storm for about 3 years |
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silverlib (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:30 PM Response to Reply #19 |
21. This is what happened in the 80's. |
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Dappleganger (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:36 PM Response to Reply #19 |
24. Are you in the RE business? |
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NutmegYankee (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 04:27 PM Response to Reply #19 |
37. I understand your position. |
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Starry Messenger (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:31 PM Response to Original message |
22. Captive market. |
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mmonk (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:33 PM Response to Original message |
23. Mortgage costs, insurance costs, property taxes and maintenance costs. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:37 PM Response to Original message |
25. rents and house prices are not nearly as tightly correlated as you might think |
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liberal N proud (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 09:55 PM Response to Original message |
26. Supply and Demand |
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xchrom (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 10:06 PM Response to Original message |
27. It's regional #1 and # 2 it's what the markets will bear? Nt |
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county worker (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 10:24 PM Response to Original message |
29. The real estate bubble toped out in 2006. A property bought then has a high monthly payment |
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Samantha (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 11:02 PM Response to Original message |
30. Well, I lost $100,000 off the value of this house |
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Nay (1000+ posts) Send PM | Profile | Ignore | Fri Sep-24-10 11:25 PM Response to Reply #30 |
31. Did they actually hike the rate, or have they kept the value of |
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Safetykitten (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 02:58 PM Response to Original message |
33. Because people have to live somewhere when they are foreclosed on. |
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Safetykitten (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 02:58 PM Response to Original message |
34. Because people have to live somewhere when they are foreclosed on. |
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old mark (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 04:12 PM Response to Original message |
35. Landlords complain about hig heating and maintenance costs - I used to hear |
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NutmegYankee (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 04:20 PM Response to Original message |
36. If anything, it will get worse. |
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Ignis (1000+ posts) Send PM | Profile | Ignore | Sat Sep-25-10 04:38 PM Response to Original message |
38. K&R |
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