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Old 02-25-2009, 01:47 PM
 
Location: Outside Portsmouth, NH
128 posts, read 405,104 times
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Originally Posted by Heiwos View Post
I've moved twice in the last year, so I can relate. I wouldn't worry too much about rent increases; rents will go down for a couple years probably as more potential sellers decide to rent rather than sell at a deep discount. Your landlord will have the same incentive to keep renting out. Rents are down at least 5% in the last year in my area. Many landlords have a very long term view of the housing market--they think it'll come roaring back eventually, as it always has before.
2x in one year! Yikes!

Where I am, rents have gone up as has inventory- I think it's those underwater owners trying to recoup. There aren't many affordable rentals right now.

Which is another thing- I see many vacant properties going into disrepair while sellers hold out.
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Old 02-25-2009, 01:59 PM
 
957 posts, read 862,430 times
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Originally Posted by buyerbuyerpantsonfire View Post
Where I am, rents have gone up as has inventory- I think it's those underwater owners trying to recoup. There aren't many affordable rentals right now.
Rents tend to strictly follow supply & demand, so it's unlikely that some landlord just wanting more $$ to pay their bills is going to fly. We had a rent spike in my area too; the local housing bubble blog I track saw that as a sure sign that the bubble was popping (rental demand increased due to houses becoming unaffordable to most) and that rents would eventually fall, both of which happened. Maybe your area is later to the party than mine was.
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