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

To: Drygulch Dan who wrote (203889)	5/23/2009 11:58:06 AM
From: Jim McMannis	Respond to of 306849

Where's the deflation? Amazing how sticky prices are. I want a truck for 1/2 price. edit...housing is an asset. Not included in inflation numbers up or down.

To: Drygulch Dan who wrote (203889)	5/23/2009 12:37:25 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

I had a broker stop by the other day from central Washington. He has a small trailer park be bought around 1980 and maintains it very well. Lowest rents in the area at $450/mo. Typical tenant stays 10 years. He recently got a vacancy and decided to raise the rent for the first time in over 5 years. He raised t to $550. His area is 80% hispanic, rural, farming country for wheat, apples, etc. Historically he gets maybe 9 calls, 3 actually show up to look and he picks the tenant. He canceled the ad on the second day after receiving over 200 calls. He could tell by the area codes the prospects were mostly out of state....Calif, Portland and also Seattle. People trying to get out of urban areas into the farm belt and get cheap rent, hoping to land a job harvesting wheat. Maybe you're looking in the wrong area for the depression Mr. Gatsby. -g-