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

To: SouthFloridaGuy who wrote (56331)	6/19/2006 11:23:57 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Because my landlord is a rich old man and not over-extended, I am hoping he'll have staying power.' Yes that is critical. Perhaps this next cycle tenants will be interviewing and doing credit checks on the landlords as well<g>

To: SouthFloridaGuy who wrote (56331)	6/19/2006 12:23:08 PM
From: GraceZ	Respond to of 306849

I had a landlord at my studio that we rented from for below market rates for about 15 years. I love the guy and the house so every time I did the rent vs. own rent came out waaaaay ahead. I wound up moving my studio out of there because crack and guns started moving one block north each year a little closer. The neighbors were able to band together (without me) to push back the blight but it was pretty hairy for a few years (now it's in a RE boom induced Rennaisance). If I'd lived there at the time instead of working there or had children I would have ditched out sooner. What is funny is that I now rent a similar space for about the same amount of money I paid back in 1989! That is how depressed rents are in Baltimore in marginal areas. Out here in the country, where I live, I would have an extremely difficult time renting a property that has anything close to the features I have in my personal residence. I certainly would pay a multiple of what it costs me to own if I could even find a place like it.