Comments on: As Housing Slows Down, Rental Units Soar, Guess What Happens Next http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/ Real Estate Blog, Mortgage, and Development News Sat, 21 Nov 2009 03:38:54 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Very Happy Renter http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/comment-page-1/#comment-248358 Very Happy Renter Fri, 22 Aug 2008 16:51:13 +0000 http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/#comment-248358 I have heard this over and over again for many years about rent being more expensive than owning a home. Had been being an owner for 7 years, and now a renter for 13, I feel like I'm on vacation. Sure you can't put an inground pool in when you rent, because it's already there. A gardener, and an on the premesis maintenance person, this is my idea of freeing up extra time and extra money to do the things I really enjoy. I wouldn't mind if the rent went up, I'd figure I'm paying for my services that would cost a homeowner quite a pretty penny, or slave to do it themselves. Btw, it's been quite a time since this blog was posted. Trust me, rent has not gone up that much, but it seems that most of the priorly owned homes in the area are in foreclosure, while I still maintain a pretty good life. I have heard this over and over again for many years about rent being more expensive than owning a home.
Had been being an owner for 7 years, and now a renter for 13, I feel like I’m on vacation.
Sure you can’t put an inground pool in when you rent, because it’s already there. A gardener, and an on the premesis maintenance person, this is my idea of freeing up extra time and extra money to do the things I really enjoy. I wouldn’t mind if the rent went up, I’d figure I’m paying for my services that would cost a homeowner quite a pretty penny, or slave to do it themselves.
Btw, it’s been quite a time since this blog was posted.
Trust me, rent has not gone up that much, but it seems that most of the priorly owned homes in the area are in foreclosure, while I still maintain a pretty good life.

]]> By: Virginia Beach, VA Real Estate http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/comment-page-1/#comment-11874 Virginia Beach, VA Real Estate Sun, 03 Dec 2006 22:07:41 +0000 http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/#comment-11874 Mikey: I percieve your opinion about the real estate market and would like to think that you were correct. Although rental rates have also spiked in the Virginia Beach, VA area, many people think the way you do...especially renters. However, I am optimistic that the other posts hold value and I am agressivly watching our market changes. Mikey:

I percieve your opinion about the real estate market and would like to think that you were correct. Although rental rates have also spiked in the Virginia Beach, VA area, many people think the way you do…especially renters. However, I am optimistic that the other posts hold value and I am agressivly watching our market changes.

]]> By: Mikey Likes It http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/comment-page-1/#comment-11861 Mikey Likes It Sun, 03 Dec 2006 18:36:06 +0000 http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/#comment-11861 Dirty little secret? You're dreaming. Unwarranted gains in housing locked in because of "perceived value"? What people perceive is that rent is cheap compared to buying. When the two return to a normal equilibrium, you'll see the next up cycle in real estate. Until then, renting from the frustrated sellers, investors and flippers will be quite economical. Dirty little secret? You’re dreaming. Unwarranted gains in housing locked in because of “perceived value”? What people perceive is that rent is cheap compared to buying. When the two return to a normal equilibrium, you’ll see the next up cycle in real estate. Until then, renting from the frustrated sellers, investors and flippers will be quite economical.

]]> By: John Apple http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/comment-page-1/#comment-11849 John Apple Sun, 03 Dec 2006 17:14:57 +0000 http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/#comment-11849 Check the numbers -- rents are not going up. Long unsold properties are being rented. Planned apartment conversions are being halted. Lots of investment homes/condos are unoccupied and without a quick sale owners are desperate for cash flow. That's, and the holiday season, is why you're seeing fewer MLS listing -- the home/condo didn't sell and now it's being turned into a rental. Rental rates will go likely decrease slightly in the months ahead. John Check the numbers — rents are not going up. Long unsold properties are being rented. Planned apartment conversions are being halted. Lots of investment homes/condos are unoccupied and without a quick sale owners are desperate for cash flow. That’s, and the holiday season, is why you’re seeing fewer MLS listing — the home/condo didn’t sell and now it’s being turned into a rental. Rental rates will go likely decrease slightly in the months ahead.

John

]]> By: James http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/comment-page-1/#comment-11842 James Sun, 03 Dec 2006 15:10:53 +0000 http://www.therealestatebloggers.com/2006/12/03/as-housing-slows-down-rental-units-soar-guess-what-happens-next/#comment-11842 Being a landlord I couldn't be happier about the rise in rental rates! Being a landlord I couldn’t be happier about the rise in rental rates!

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