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Old 06-03-2015, 05:26 AM
 
Location: Denver, CO
2,387 posts, read 2,204,961 times
Reputation: 1936

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Quote:
Originally Posted by bigpicture View Post
Okay maybe it's a PoS. But "bait and switch"? How would that even work? Someone who's coming to view an $800 apartment isn't going to take an $1100 apartment just because they made the trip... Nor would the renter want them to...
I know it sounds ridiculous, but they definitely do this. "Oh, we no longer have that apartment, but let us show you this other one that's more expensive".
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Old 11-19-2015, 10:00 AM
 
2,401 posts, read 3,243,437 times
Reputation: 1837
Quote:
Originally Posted by AmFest View Post
When these are happening, the bubble will have already burst. This would be 2008. Serial construction, low unemployment rate, and easy access to money inflate the bubble. This would be 2005-2007.

When the bubble gets too big, it will burst. As to when the bubble gets big enough, who knows? I'll pay a million dollars to whoever can tell me the precise time; I could make millions then to make up for it.

But what I can tell is that the housing landscape will become much different after 2 years. A beer says rent will stabilize by the end of 2015. Everyone (limited to the first 5 to respond) is welcome to this bet.
Less than 2 months left.
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Old 11-19-2015, 10:13 AM
 
Location: In The Thin Air
12,566 posts, read 10,558,348 times
Reputation: 9247
Quote:
Originally Posted by AmFest View Post
Less than 2 months left.
Not gonna happen.
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Old 11-19-2015, 10:31 AM
 
2,401 posts, read 3,243,437 times
Reputation: 1837
Quote:
Originally Posted by Timmyy View Post
Not gonna happen.
Rent has decreased over the last 6 months. In the same period last year, rent increased by 18%.

https://www.rentjungle.com/average-r...r-rent-trends/

I wouldn't say no to the Great Divide.
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Old 11-19-2015, 11:36 AM
 
Location: Berkeley Neighborhood, Denver, CO USA
17,678 posts, read 29,607,847 times
Reputation: 33227
Default Complete data are your friends

Quote:
Originally Posted by AmFest View Post
Rent has decreased over the last 6 months.
You are cherry picking your time frame.
Increased over last 5 months
Increased over last 8 months
Increased over last 12 months
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Old 11-19-2015, 01:03 PM
 
2,401 posts, read 3,243,437 times
Reputation: 1837
Quote:
Originally Posted by davebarnes View Post
You are cherry picking your time frame.
Increased over last 5 months
Increased over last 8 months
Increased over last 12 months
Why don't you compare these to those in the same periods last year?

Also, I made the prediction in April, so any movement in the year before that time is irrelevant.
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