As people are afraid to buy a home, more competition on the rental market arises. The foreclosed homes are not automatically available as rentals, as some doomers try to make you believe. Las Vegas is a leading foreclosure center, yet has currently a very healthy rental market; the best since 2003.
This means rents are going up, and house prices have already fallen, more or less - depending on the area.
Check the numbers. Buying in your area may already be cheaper than renting.
Your feedback is welcome.
Answers to the housing doomers' conspiracy theories.
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2008
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April
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- Rents are rising in the San Francisco Bay Area
- State of the market in Capitola, CA
- Is worst over soon in San Diego?
- Overbuilding
- Speculators drove up prices
- Shortage of first-time buyers
- Interest rates increasing
- Foreclosures ruin property values
- Salaries vs house prices and inflation
- Rent vs Own
- Answers to the housing doomers
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April
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1 comment:
According to me Owning will be the better option because that will be treated as a fair investment in real estate and returns will be surely good.
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