Comments on: Depreciating Homes Spell Good News for Renters

By: Marbella Property

Marbella Property — Thu, 18 Dec 2008 14:30:06 +0000

Yeah those lucky renters)) good time for them …
Greetings from Spain.

By: Doug Hutchins

Doug Hutchins — Wed, 17 Dec 2008 20:44:53 +0000

As a Realtor in Colorado I find that this is true for several areas around metro Denver. In one specific neighborhood, Castle Pines North, CO, rental rates are lower than the monthly payment for an individual putting 20% down when they purchase a home. Sellers who have already purchased another home but not yet sold their existing home are choosing to rent at a low rate instead of reducing their sales price. The Sellers would rather lose $200 a month in cash flow through a rental then have to discount their sales price $20,000 to sell the home in this slower market. The Sellers hope is that the real estate market will turn around in 2-3 years so they don’t lose any equity. This is creating great rental opportunities for renters. You can read more about the Castle Pines North market at http://www.alldenverrealestate.com/blog/castle-pines-north-2/

By: Carrie

Carrie — Wed, 03 Dec 2008 21:26:59 +0000

I live in a college town, so rents tend to be high and the housing market is fairly stable. Still, I’m hoping to take advantage of a good deal when I buy my home (in a year or so).

By: Basketball Games

Basketball Games — Wed, 03 Dec 2008 11:20:18 +0000

Thanks for the nice post.It is really a good news for renters .

By: Vojaške igre

Vojaške igre — Mon, 01 Dec 2008 17:30:32 +0000

Yes? Do users recommend it ?

By: Hope For Homeowners

Hope For Homeowners — Thu, 20 Nov 2008 00:50:27 +0000

There is a program in place for homeowners that are upside down on their mortgage called Hope 4 Homeowners. The program essentially reduces the principal balance on the mortgage to 90% of the current value of the home. This reduces the monthly mortgage payment and also takes the homeowner out of the upside down scenario. This may help for many homeowners that find themselves in this position. I am sure that there will be many more programs like this as the problems with home values continue to build. Keep up all the great work on your blog. I have added this blog to my google bookmarks and I will be sure to come back soon.

By: Prevent Repossession

Prevent Repossession — Thu, 30 Oct 2008 17:40:41 +0000

I am surprise to see rental income go down in some areas in this part of the property cycle. With all the distressed property owners selling, there should be an increase in rental income. That’s what is happening in South Africa at the moment.

This is one of the best times for renters to get on the property ladder. You will be able to get bargains out there. It is a buyers market now with property seller highly negotiable on price.

By: Andalucia Property

Andalucia Property — Sat, 25 Oct 2008 18:10:18 +0000

I agree that going this way is beneficial IF the renter is saving the extra money for some investments. People should take this into consideration in making decision whether to rent or to buy. There are some that would rather own their own homes because it makes them feel good.

By: martman

martman — Fri, 24 Oct 2008 20:20:57 +0000

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By: Florida Beach Real Estate

Florida Beach Real Estate — Tue, 21 Oct 2008 07:16:36 +0000

Real estate will always have its ups and downs. Whilst there’s no denying that the situation in Florida has become bad for home owners, I believe that natural recovery will soon take place, like it always does.