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

To: Live2Sail who wrote (137163)	7/28/2008 11:09:02 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

thats a correct list but since you didn't drill down, you have a ton of apts condos in there. Thats the problem with CL. This issue came up because I once said houses rented for around $2500 and now I think they have shot up to $3300. There is nothing in your CL list that disputes that fact. The reason I know this, is because I listed my new house (prematurely) for $2400 (because it has only 1 bath- it is technically a 4/1) and I got 120 replies off of CL. I decided to remodel a little, convert the study back to a BR, and relist at $2800-$2900 or whatever the mkt will bear. Do you dispute that rents are now over $3K for desirable properties? My house is a 4br, so I am including 4BRs. I even included some articles from SFgate and the mercury news stating that rents were shooting up. SO, based on all of this what is your view on the AVG rental in SIlicon valley today, pricewise? That would be something remodelled and not a dump. The reason people are rec'ing your posts has nothing to do with rents here, they are trying to "talk down" real estate in SV or something. edit- btw my theory on why rents are going through the roof in SV is because offshoring has become economically unfeasible due to the crashing dollar