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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (2573)	5/9/2002 11:09:06 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

For some apartment syndicate (institution), they can raise the rent to make up for the 'vacancy'. I think the people who run these businesses are actually not that stupid. As a landlord, I have to tell you what David says is correct, a months vacancy can eat up an entire years profit on a unit. You do whatever you can to never have vacancies. As soon as the vacancy rate starts to rise in these multi-dwelling units, you see the signs for incentives go up.

To: John Chen who wrote (2573)	5/9/2002 2:58:48 PM
From: David Jones	Respond to of 306849

John you got me, I don't know the raw numbers as you posted. So I have no comment other than what I see in my demographic location. There is a number of apartments open. I would say higher than norm. On the flip side detached housing is sailing along at a flat to slightly higher price than last winter. Now I'm selling my personal residence here soon as I get word from the city on my subdivision plans. Not because of any worry of a sudden price drop just because the timing is right for a move. Grocho Marx said it best when it came to his success. It's 90% luck and 10% showing up. If I'm lucky I'm ready to use my 10%.