Comments on: Today Show – Is it time to consider renting? http://mbrewergroup.com/2009/02/today-show-is-it-time-to-consider-renting/ Out to put a dent in the multifamily universe Fri, 18 May 2012 13:52:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Mike Brewer http://mbrewergroup.com/2009/02/today-show-is-it-time-to-consider-renting/comment-page-1/#comment-430 Mike Brewer Tue, 03 Feb 2009 18:35:10 +0000 http://mbrewergroup.com/2009/02/today-show-is-it-time-to-consider-renting/#comment-430 Steve, Thank you for taking the time to comment. I think it is important that we keep this conversation alive as these are trying times. At the end of the day it will do us all well, home providers and home dwellers alike, to remain open to conversation and dialog. I think your remarks are right on. My chief concern is rising unemployment which will likely trigger fewer household formations and thus higher vacancies. All that in turn could trigger deflation in the way of absolute rent dollars. But, your remark about real estate being local is spot on. If nothing else it will be year chalk full of education. Thanks again for taking the time to carry on the conversation. M Steve,

Thank you for taking the time to comment. I think it is important that we keep this conversation alive as these are trying times. At the end of the day it will do us all well, home providers and home dwellers alike, to remain open to conversation and dialog.

I think your remarks are right on. My chief concern is rising unemployment which will likely trigger fewer household formations and thus higher vacancies. All that in turn could trigger deflation in the way of absolute rent dollars. But, your remark about real estate being local is spot on.

If nothing else it will be year chalk full of education.

Thanks again for taking the time to carry on the conversation.

M

]]> By: steve roesch http://mbrewergroup.com/2009/02/today-show-is-it-time-to-consider-renting/comment-page-1/#comment-429 steve roesch Tue, 03 Feb 2009 17:29:25 +0000 http://mbrewergroup.com/2009/02/today-show-is-it-time-to-consider-renting/#comment-429 interesting rent projections. like real estate, i think the rental market is also local. I think the rent softening is only going to happen in areas where home prices have dropped so dramatically, that the rent vs buy question, answers with rent. where it is so affordable that it is cheaper to buy. My rebuttal to the video: lending restrictions are still tight... more renters. some foreclosures are bought by investors to rent, but they are also bought by investors to flip. those foreclosures became foreclosures because a homeowner lost it, and now becomes a renter for someone else. I do believe the unemployment is going to drive incomes down and affordability on rents down, but at the same time most areas will maintain a healthy supply and demand keeping occupancy up and rents stable. Thanks for the video post. interesting rent projections. like real estate, i think the rental market is also local. I think the rent softening is only going to happen in areas where home prices have dropped so dramatically, that the rent vs buy question, answers with rent. where it is so affordable that it is cheaper to buy. My rebuttal to the video: lending restrictions are still tight… more renters. some foreclosures are bought by investors to rent, but they are also bought by investors to flip. those foreclosures became foreclosures because a homeowner lost it, and now becomes a renter for someone else. I do believe the unemployment is going to drive incomes down and affordability on rents down, but at the same time most areas will maintain a healthy supply and demand keeping occupancy up and rents stable.

Thanks for the video post.

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