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Old 02-15-2017, 08:40 PM
 
Location: Nebraska
3,255 posts, read 1,634,283 times
Reputation: 2895

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I have noticed a trend as of late that rents in Denver in certain areas have plummeted. I like to look at classifieds in general and have noticed that neighborhoods that were $1000 last year are now $850 a month for an apartment.

I was shocked to see neighborhoods in Denver that are very good areas with lots of amenities with apartments going for $850 to $900 now. I have also heard that they built too much, built fast and in-migration to the state isn't was it was a few years ago.

Bizzarely, Colorado Springs and Salt Lake City which used to be affordable rental alternatives to Denver for the entry to the foothills/mountains lifestyle have very low vacancy rates and rents seem to be skyrocketing in both.

It looks San Diego has also had declining rents also. There seems to be more sub-$1000 in the San Diego area.

I know San Diego usually has an extremely low vacancy rate, but I also know that they haven't had the economic bubble with tons of job creation that the Bay Area has either.

Rents in Western North Dakota have really plummeted. I know that many, many renters who lived in North Dakota their whole lives had left Williston due to the excessive Manhattan and San Francisco level rents and now they back to where they were. In fact, Williston is likely cheaper then the rural deep south now.

Many of the new buildings seem to marketing themselves to seniors on fixed incomes. Williston has basically went from having some of the lowest rents in the nation, to Manhattan and San Francisco prices and now they are back to their roots of ultra-low rent prices.

Last edited by lovecrowds; 02-15-2017 at 08:50 PM..
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Old 02-15-2017, 08:41 PM
 
Location: Arvada, CO
13,238 posts, read 24,428,775 times
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Toledo. $325.
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Old 02-15-2017, 08:51 PM
 
Location: Pittsburgh
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The Toledo suburbs are very nice. It is a great location next to Lake Erie and Ann Arbor isn't far. The people are super polite and friendly.
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Old 02-15-2017, 08:52 PM
 
Location: Nebraska
3,255 posts, read 1,634,283 times
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Quote:
Originally Posted by David Aguilar View Post
Toledo. $325.
I did see one in Toledo for $325, an upper-level apartment.

$20,000 a year job in Toledo if one is a renter is likely the same as a $100,000 job in Manhattan or San Francisco.

https://www.google.com/maps/place/32...a6464c!6m1!1e1

I have to admit I am intrigued by Toledo and it's rents that are more like 1980 rents in many cities.

All and all, the cold winter aside it seems to be an impressive city.

Last edited by lovecrowds; 02-15-2017 at 09:02 PM..
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Old 02-16-2017, 08:51 AM
 
Location: Downtown Phoenix, AZ
18,927 posts, read 6,873,423 times
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I've heard that the Bay Area has peaked and is now trending downward
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Old 02-17-2017, 02:02 AM
 
5,163 posts, read 2,780,290 times
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Quote:
Originally Posted by FirebirdCamaro1220 View Post
I've heard that the Bay Area has peaked and is now trending downward
Not according to my daughter, who lives there.
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Old 02-17-2017, 06:11 AM
 
Location: Metro Detroit
1,773 posts, read 1,772,038 times
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With an average January low of 22, I'm not sure Toledo really has bitterly cold winters. That's a pretty typical mid-continent winter and actually puts the mornings warmer than mornings you'd find in Indy (20), Pittsburgh (21), Kansas City (18), or even Denver (17). The proximity to the lake really moderates temperatures in Toledo. Overall, Toledo is not a bad little town. It shows obvious signs of being victim to the last half-century of industrial decay, but as with most of the Rustbelt cities the decline is over and things are really turning around for them. It surprises me that there aren't more young people jumping at the opportunity to live somewhere they can earn a $50,000/yr. wage while paying $400 a month in rent and $15 to be served dinner and a drink at the laid back local brewery. Sure the number isn't brag-worthy, but it makes so much more sense than making $90,000 a year while paying $3,000 a month in rent and $60 for dinner and a drink at some place upscale feeling.

And I say this even as a Michigander with a slanted bias against all things Ohio, so you know it's true.

Related to the topic at hand though, I've heard rents and office space is beginning to decline pretty hard in Houston. A lot of this can likely be attributed to a glut of oil and a slowing in new exploration, but I also believe Houston has been overbuilt. There simply aren't enough people willing to bear a rainy, humid, Houston summer, in the city, for the long term.
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Old 02-17-2017, 06:29 AM
 
Location: Nashville TN, Cincinnati, OH
1,798 posts, read 1,163,901 times
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Toledo is cheap for a reason enough said.
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Old 02-17-2017, 04:31 PM
 
Location: Downtown Phoenix, AZ
18,927 posts, read 6,873,423 times
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Quote:
Originally Posted by MarciaMarshaMarcia View Post
Not according to my daughter, who lives there.
Doesn't mean it isn't still expensive as all get out, but there are indicator's, such as houses for sale staying on the market longer than before, sometimes relisting at a lower price. And some rents have in fact come down a bit (not a lot)
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Old 03-21-2017, 07:57 PM
 
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I think rents have started to decline slightly in SF, but they are still insane.
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