I forget the exact casual link, but there was a renter's index floating around that showed that they were being hammered also. Let's see if I can dig it up...
Dawn: Any luck? Willow: If you define luck as the absence of success--plenty.
'Touched'
Natter 58: Let's call Venezuela!
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
CaBil - Apr 17, 2008 9:56:57 am PDT #2440 of 10001
Remember, remember/the fifth of November/the Gunpowder Treason and Plot/I see no reason/Why Gunpowder Treason/Should ever be forgot.
Nutty - Apr 17, 2008 9:59:16 am PDT #2441 of 10001
"Mister Spock is on his fanny, sir. Reports heavy damage."
Also, as the housing prices fall, the amount of rent that can be demanded for properties falls.
Interestingly, the reverse was not the case (anyway, not across the board) when times were high. Anyway, I lived in the same neighborhood for the 5 biggest years of the boom, and rent stayed pretty much the same throughout.
(I live in a tight and unexpandable housing market, so that might be a factor; and throughout those 5 years people were taking rental properties and turning them into condos.)
Fred Pete - Apr 17, 2008 10:02:42 am PDT #2442 of 10001
Ann, that's a ferret.
Interestingly, the reverse was not the case (anyway, not across the board) when times were high.
I can't prove this, but I'd bet the reason is that a lot of people who'd otherwise rent were able to get mortgages. Leaving the supply lower than it otherwise would be.
Scrappy - Apr 17, 2008 10:20:07 am PDT #2443 of 10001
Life moves pretty fast. You don't stop and look around once in a while, you could miss it.
Yeah, the people who bought our house before us (and got it foreclosed on, thus enabling us to buy it) paid $120,000 more than we did. With the recent drop, our house is still in the average range and worth maore than our mortgage, but if prices go another 10% lower it won't be. Luckily, we aren't planning on going anywhere, so we can wait a few years until things even out.
Kat - Apr 17, 2008 10:21:48 am PDT #2444 of 10001
"I keep to a strict diet of ill-advised enthusiasm and heartfelt regret." Leigh Bardugo
Thank god we are renting a house that no longer has a mortgage, but is owned outright by the same family that moved in to it in 1947. Cause tennants who are evicted because of foreclosure are screwed.
Kat - Apr 17, 2008 10:22:26 am PDT #2445 of 10001
"I keep to a strict diet of ill-advised enthusiasm and heartfelt regret." Leigh Bardugo
scrappy, I thought of you because our target has a really cute roller skate tshirt. I almost bought you one, but I was running around too quick.
hippocampus - Apr 17, 2008 10:25:15 am PDT #2446 of 10001
not your mom's socks.
job~ma Kat!
Kat - Apr 17, 2008 10:34:26 am PDT #2447 of 10001
"I keep to a strict diet of ill-advised enthusiasm and heartfelt regret." Leigh Bardugo
thanks sox! How's your little one's cold?
lori - Apr 17, 2008 10:34:54 am PDT #2448 of 10001
Allyson - Apr 17, 2008 10:41:50 am PDT #2449 of 10001
Wait, is this real-world child support, where the money goes to buy food for the kids, or MRA fantasyland child support where the women just buy Ferraris and cocaine? -Jessica
lori, are you and hank available next Friday? I just want to move my bed. I have no more room for boxes and it's my last day to pack.