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

To: Tradelite who wrote (33193)	6/12/2005 10:06:56 AM
From: Dale Baker	Read Replies (1) \| Respond to of 306849

If the current trend spins out and too many people are caught with investment properties they can't rent out to cover their cash flow and they can't sell them without bringing money to the closing, the working class you describe might get a break on decent rentals. I recently priced rental houses in the DC area (we are moving there next year for my wife's work). I was surprised to see that 3BR townhouses in decent areas could be had for about the same as a nice 2BR unit in an upscale apartment complex. With any luck, those prices will drop a bit more. Of course DC is distorted by all the TDY government employees on per diem. Been there and done that a few times.