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

To: GraceZ who wrote (42567)10/4/2005 11:11:20 AM
From: John VosillaRead Replies (2) | Respond to of 306849
 
Stagflation and rising costs of living far above wages has been bad for tenants. Living in a borrow first pay later attitude in our society hasn't helped clean up their balance sheets either<g>.

Then you have a new age pool of RE moguls buying property they should not own getting hit on all sides too trying to cover their rising expenses with a weak tenant pool. A recipe for disaster.



To: GraceZ who wrote (42567)10/5/2005 12:45:31 AM
From: Live2SailRead Replies (3) | Respond to of 306849
 
Grace,

The link you had didn't seem to go anywhere (maybe it was too long).

Renters worse off the homeowners. I could buy that for everywhere except the Bay Area.

L2S



To: GraceZ who wrote (42567)10/6/2005 9:44:28 PM
From: David JonesRespond to of 306849
 
>>>>Rents aren't going to be able to go much of anywhere until renters can shore up their financial situation<<<<

Now equate that to low end markets like Tulsa OK. and you have landlord hell. As I've said before the quality of tenants is not all that good. CAPS suck and being a landlord is now common.


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