The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: SouthFloridaGuy who wrote (37956)	8/15/2005 1:23:20 PM
From: Lizzie Tudor	Read Replies (1) of 306849

well if you are talking RENTALS, then northern CA is as low as its been in my lifetime and I have been here for 18 years (I mean availability and deals, not price because of course prices were lower 10 rs ago). Rentals everywhere are practically free, are they not? The NoCal area has always had a tight supply for rental properties because the foreign workers come in to Silicon Valley and they need housing. Every other time, recession or no, the scarcity of rentals that are really local to SV- this is San Jose and Santa Clara plus peninsula has caused rentals to be in tight supply. This time, for the first time we have all the bonuses like free months rent and those guys standing on corners waving those signs. Its very unusual. Also, you can rent here for about the cost of property taxes on a house bought in the last year or two. What does this mean as to the long term viability of all these overleveraged people that bought thinking they could handle the payments with a renter?

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