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

To: Wyätt Gwyön who wrote (17221)	2/12/2004 8:04:26 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I know somebody who got a flat in lower pacific for $1100. 2/3 years ago, it would have rented for $2500 or maybe more. The apt buildings owned by the big corps are not really dealing other than giving 3 mos free for new renters. But individual landlords are definitely dealing. Which calls into question the whole notion of housing prices here, as that article states. The laws here keep prices high artificially imho- however, we've never had a rental crash like this either. And as you probably know the unemployment here is the highest in the country, although the companies in the area are doing great.