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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 (42375)	9/30/2005 1:40:32 PM
From: miraje	Respond to of 306849

theres a lot of see through houses though, where buyers bought and can't rent them, I noticed. Is that still true? There's a squeeze towards the middle on rentals here. Condo conversions are putting the hurt on lower end apartment rentals, a real supply shortage there is driving up rental rates. And, at the same time, speculators and investors have created somewhat of a rental glut in available single family houses with a resultant downward pressure on rates there. For example, a one bedroom apartment will go for around $750 per month and yet you can get a nice 3 bed, 2 bath house for around $1,200. As for top end rental stuff, I don't know where that market is right now. BTW, I own a rental property in a scenic rural area of northern NV where I'm getting 10% of the assessed value in rents every year. The whole real estate game is so wildly diversified in different areas that it's difficult to make blanket statements regarding the market as a whole..