tag:blogger.com,1999:blog-3329419642567789295.post6939739657671655193..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: CAR report for OctoberLarry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3329419642567789295.post-50728256415459425882007-11-29T10:55:00.000-08:002007-11-29T10:55:00.000-08:00My brother in law just rented a 3 bedroom house in...My brother in law just rented a 3 bedroom house in Moval with a 2 car garage and a pool for $1250/mo. It's a nice house in a decent area. The owner originally wanted $1700 but my BIL talked him down to $1250.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-33138845593902360352007-11-29T10:16:00.000-08:002007-11-29T10:16:00.000-08:00The Central Valley, probably the worst-hit area, h...The Central Valley, probably the worst-hit area, has "N/A" for its median price. Hmmm. Well, I'm sure that's just a coincidence - we all know how objective the CAR is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-12991409192930051092007-11-29T09:12:00.000-08:002007-11-29T09:12:00.000-08:00I hope it happens by next summer when my lease is ...I hope it happens by next summer when my lease is up. I'm paying $1570/month for what seems like a tiny 1000 sq feet with an attached garage, and although I like where I am and it has great services, etc., it's way too much. I didn't have much time to look when I was moving here and I felt safer there than the other places I looked. Now that I know my way around, I know I could find something nice for much less. Ideally I like to rent a condo from a private owner but what I see listed on craigslist so far seems way too high.<BR/><BR/>I'd like to know who came up with the brilliant idea of "pet rent." I don't mind paying a deposit, because I know some pets can be destructive, though my little angels aren't. But having to pay $50 per month for my two mild-mannered cats really burns me. They're going to have to get part time jobs and start paying their own way.<BR/><BR/>My other plan is to buy a house with a pool in Palm Springs and commute an ungodly distance until I retire, but that's probably just a pipe dream.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-82456652761543421882007-11-29T07:32:00.000-08:002007-11-29T07:32:00.000-08:00In the last crash (mid 90's) rents actually came d...In the last crash (mid 90's) rents actually came down. As house prices fell, so did rents. I remember apartments that were going for close to $1000 falling to around $700. I expect that the same thing will happen this time. All those empty homes will cause a glut of rentals which will be competing with each other and against apartments. <BR/><BR/>There is already an excess of rental units in the IE. There is something like a 10% vacancy rate. So there are plenty of places for the people to go that lose a home.<BR/>If things get really bad people will leave the area creating more vacancies. Many of the apartment units are running specials right now because of the high vacancy rate. You can get free LCD TVs, free rent for two or three months etc, if you look around.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-61395542023088195892007-11-29T07:07:00.000-08:002007-11-29T07:07:00.000-08:00If the IE is going to be the worst hit area, does ...If the IE is going to be the worst hit area, does that mean that rents here will go up? Will all these displaced home debtors move into rentals and drive the rents up or will they leave the area?Anonymousnoreply@blogger.com