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So I wonder now if the rents will come back down a bit with the DNC over. It's been getting to the point where it takes $900 just to get a 2 BR unit in south CLT. I don't see how base rents could go up much more.
If that was a house payment, subtract some out for taxes and insurance, call it $740 for the mortgage proper. That'll finance $150K at today's rates, and there are many homes for sale between $100K and $150K.
I suppose for the home market to stay quiet either speaks to people's unease about the security of their jobs, or unease with the school system.
In a "normal" rental market, we usually see the complexes put out banners advertising "move in specials" during the winter. If nobody offers deals, that's another indication the rental market remains strong here.
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