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

To: Lizzie Tudor who wrote (38808)8/22/2005 11:19:38 PM
From: John VosillaRespond to of 306849
 
<the rental market is so depressed there isn't any need for the commune part. I am looking out my window right now at a rental that can be had for less than property taxes if you bought today. $1.4 million dollar house which might rent for $2500 if they can get that. IF>

That is some spread. As a rental on cash flow basis the property is worthless.

Commune part might come into play when few families can afford to live in a property by themselves. Picture a world of declining values, declining standards of living, little new construction and much higher rents on remaining habitable properties for the masses.



To: Lizzie Tudor who wrote (38808)8/24/2005 4:50:58 AM
From: David JonesRead Replies (1) | Respond to of 306849
 
>>>>>$1.4 million dollar house which might rent for $2500 if they can get that. IF.<<<<

Ya it might rent for 2500 or might rent for 3000 regardless it's not about renting it's about buying. People are commuting to their particular affordable purchase.
Now one group of renters that are making out like bandits are your section eights. Their picking up homes with pools and granite counters and so forth.


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