red flag for crashing market: rising rents

[deejayoh]

Sniglet - I was going to post a similar observation

I am noticing buildings on Capitol Hill - really prime locations that are always fully rented - that now are advertising vacancies. I have lived up there for 2+ years and am seeing signs for available units at places that have never had vacancies. And not just a few - they are everywhere.

Not scientific - I know, but there does seem to be a noticeable trend

[Lake Hills Renter]

My 3-mile commute through residential Bellevue/Redmond has had no more than 2 rental signs up at any given time (and usually none at all) in the 5+ years I've been driving it. I counted today and there are 4 "for rent" signs up now.

[WestSideBilly]

Where are all the in-city 3-4BR, 3.5BA SFH w/ 3-4 car garages?


I think the lack of such buildings is clearly a sign that we're at the bottom and rents will be rising rapidly and drastically. Buy now or be priced out forever.

[rose-colored-coolaid]

[Alan]

That is just a way for them to lower the rent without publishing a lower rent. Publishing lower rent prices encourages everyone else to lower rent prices too.

[rose-colored-coolaid]

[Alan]

It also creates a default scenario where the rent is raised on renewal. You get the same price, but you don't get the same bonus.

[FreedomLover]

[rose-colored-coolaid]

[FreedomLover]

[SeattleMoose]

So much for rising rents here in Seaddle.....we are #5 in the country in the list of metro areas with the biggest rent DECREASES.

[rose-colored-coolaid]

[RottedOak]