Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael who wrote (28175)	3/14/2005 8:25:18 PM
From: patron_anejo_por_favor	Respond to of 306849

I agree that supply will outstrip demand, at least until the building slows a LOT. A lot of the current owners probably intended to flip 'em, but they'll find that rough going over the next 12-18 mos, so they'll end up hitting the market as rentals and that's when the rents will really plummet.

To: michael who wrote (28175)	3/15/2005 12:35:20 AM
From: mishedlo	Read Replies (1) \| Respond to of 306849

Housing Trends, Distortions, and Condo Mania globaleconomicanalysis.blogspot.com Mish

To: michael who wrote (28175)	3/15/2005 2:20:31 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

That new house for rent on Wartbug Ct still shows DR Horton as the owner but several houses on the block show the new owner. Sales appear to be about $200 psf for smaller sized homes. Amazing to pay perhaps $250k-275k and hope to rent a 1400 sf home for $990/month in a market flooded with so much new product. That is a negative cash flow of roughly $600 to $750/month even putting 20% down, getting a 30 yr fixed rate and managing it yourself which could be a difficult task if the new owner still lives in the Bay Area given his phone contact number has an area code of 650. Further down the list is a brand new 2200 home far superior to this on with the rent reduced to $1100 leading me to believe the $990 might be high... sandgate.co.clark.nv.us