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alabala

The Rents Will Go Up

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They said if the House Prices go Down the Rents will go up, that is what they said 100% guaranteed.

They must be mad giving away their houses for free, subsidising these homeless people. :blink:

http://www.heraldtribune.com/article/20070...STATE/707150625

In the meantime, he is trying to rent the houses to cover his expenses. But rents have also plunged. "I have one house on a deep water canal that I'm renting for $895, and I used to get $1,100. The others I used to rent for $1,000 and I'm now getting only $800."

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Economics not their best subject then.

You cant get more cash for something when the cash is not there, and as most people get their money from jobs, level of pay dictates prices.

Comprende? :huh:

(Although in the present New Paradigm, level of debt obtainable dictates prices, regardless of one's ability to pay the debt off)

Edited by A Fool & His Borrowed Money

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If rents go up to much in a lower inflation wage enviorment, people can't spend as much meaning, less spending companies dont make much profits so they need to fire workers which then leads to more problems, if wages do rise then the price of services and goods rise creating inflation.

If rents dont increase then it helps keep the low inflation enviroment from one angle, however inflation can come form different angles.

So if they raise rents in responce too the boe rate rise, they them selves are adding to inflation and causing possible future rate rises.

Edited by crash2006

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If rents go up to much in a lower inflation wage enviorment, people can't spend as much meaning, less spending companies dont make much profits so they need to fire workers which then leads to more problems, if wages do rise then the price of services and goods rise creating inflation.

If rents dont increase then it helps keep the low inflation enviroment from one angle, however inflation can come form different angles.

In the US house prices went down and so have rents. People who could not sell empty houses they were holding on to were forced to rent, this increase in rental properties has depressed rental incomes.

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In the US house prices went down and so have rents. People who could not sell empty houses they were holding on to were forced to rent, this increase in rental properties has depressed rental incomes.

Thats why in a housing Recession, employed people are much better off, people that dont have debt.

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Employed people are always better off regardless ;)

unless they have a crap dead end job working in some mega corporation wasting their lives and watching their dreams go up in smoke while their gf shags around !!!!!!

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unless they have a crap dead end job working in some mega corporation wasting their lives and watching their dreams go up in smoke while their gf shags around !!!!!!

lol, but it does happen

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Bulls, take note:

"Everybody is trying to get rid of property."

A few years ago, it was just the opposite.

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unless they have a crap dead end job working in some mega corporation wasting their lives and watching their dreams go up in smoke while their gf shags around !!!!!!

I feel sorry for you, I hope you dumped her :lol::lol:

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unless they have a crap dead end job working in some mega corporation wasting their lives and watching their dreams go up in smoke while their gf shags around !!!!!!

Tough luck mate, things can only get better! :P

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Economics not their best subject then.

You cant get more cash for something when the cash is not there, and as most people get their money from jobs, level of pay dictates prices.

Comprende? :huh:

(Although in the present New Paradigm, level of debt obtainable dictates prices, regardless of one's ability to pay the debt off)

Investors look for upside of downturn with rentals

http://washington.bizjournals.com/washingt...y11.html?page=1

But the company is looking at other metro regions in the Southeast and Midwest that are seeing decent job growth and have strong local economies.
Comprende? :huh:

Si Senior, comprende, no money no honey!

I like this one, you need xDSL, Plasmas, Jacuzi..etc.Please Sir give us some more money please, otherwise we are f***ed.

http://www.nytimes.com/2007/06/13/realesta...nyt&emc=rss

http://news.sky.com/skynews/video/videopla..._p15622,00.html

They have to live somewhere, Right...if they can afford the rents, or if they have a work to go to, what is going to happen with all these BTL if there is a serious economic shock in the country.

Edited by alabala

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A large banner hanging outside the Toledo Club Apartments on one of the main arteries in this city attests to distorted condition of the local rental market.

The words on the banner read: "Free Rent."

Whenever a business is willing to offer something for nothing, you had better believe that something is wrong.

In North Port, the problem is chronic oversupply.

"There is an abundance of rentals out there," said Donata Noone, a rental specialist with ERA Sun Coast Real Estate. "Buyers bought homes and condos when the market was good. They then tried to flip them, but realized they couldn't and decided to rent them instead."

Oh man...

http://www.heraldtribune.com/article/20070.../707160433/1438

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"But with hundreds of houses, condos and apartments for rent in North Port, not every owner has been able to find a tenant. So rents are plummeting, and so are rental standards.

"We're talking to people we would not have considered two years ago," said Linda Haese, who is trying to rent two new 1,800-square-foot houses. "These are people who don't have deposit money, but are willing to put $25 aside every month. As long as they don't have a criminal record, we're willing to say OK."

So in a desperate bid to keep their investment property they lower their rental standards. That's always a sure fire winner, fill your area with pimps and drug dealers. :lol:

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