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Falling Rents

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November 29, 2009 – Comments (7)

Every time I read a story on falling rents I think of that stupid report by economists out of University of BC.  I already expressed my opinion on that report, well a few times.

They should use softer paper for some of these reports so they'd be better for ass wipe.

7 Comments – Post Your Own

#1) On November 29, 2009 at 11:08 AM, DaretothREdux (36.80) wrote:

They should use softer paper for some of these reports so they'd be better for ass wipe.

Hahahaa!

Dare

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#2) On November 29, 2009 at 11:28 AM, djkumquat (50.60) wrote:

i've been looking to buy in overpriced portland, oregon, but rents just keep going down. it's hard to believe how many 2 bedroom apartments in this town are going for $700 or less. and usually with a great move-in special. a year and a half ago, $700 would get you a two bedroom way out of town in a roach motel. or a close-in one bedroom at best.

softer paper comment - ha!

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#3) On November 29, 2009 at 12:06 PM, AdirondackFund (< 20) wrote:

Rents are falling here in my local area as well.  Interesting phenomena that's occurring here.  This makes perfect economic sense for this to happen, but hasn't for the past generation.  Assets have been mispriced for a very long time. 

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#4) On November 29, 2009 at 1:08 PM, Teacherman1 (43.04) wrote:

Foolanthropy on.

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#5) On November 29, 2009 at 1:31 PM, ArgusPanoptes (21.89) wrote:

rents stable or rising here in philadelphia. i own and manage two apartment buildings, fwiw.

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#6) On November 29, 2009 at 8:53 PM, hanlerris (< 20) wrote:

Nothing new. Rent was only so high because purchasing a house/apartment was so expensive. With prices dropping, it would be a natural event for rents to fall with it.

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#7) On November 29, 2009 at 9:52 PM, reckontheirlife (< 20) wrote:

The rent here in Illinois is directly related to the high property taxes. When the taxes start going down, I will reduce the rent.

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