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Seattle Bubble Forum Archive • View topic - red flag for crashing market: rising rents

red flag for crashing market: rising rents

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Re: red flag for crashing market: rising rents

Postby deejayoh » Wed Jan 14, 2009 12:17 pm

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
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Re: red flag for crashing market: rising rents

Postby Lake Hills Renter » Wed Jan 14, 2009 12:19 pm

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.
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Re: red flag for crashing market: rising rents

Postby WestSideBilly » Wed Jan 14, 2009 3:17 pm

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.
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Re: red flag for crashing market: rising rents

Postby rose-colored-coolaid » Wed Jan 14, 2009 9:04 pm

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Re: red flag for crashing market: rising rents

Postby Alan » Wed Jan 14, 2009 10:15 pm

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.
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Re: red flag for crashing market: rising rents

Postby rose-colored-coolaid » Thu Jan 15, 2009 8:42 pm

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Re: red flag for crashing market: rising rents

Postby Alan » Fri Jan 16, 2009 1:24 pm

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.
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Re: red flag for crashing market: rising rents

Postby FreedomLover » Fri Jan 16, 2009 4:14 pm

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Re: red flag for crashing market: rising rents

Postby rose-colored-coolaid » Fri Jan 16, 2009 5:41 pm

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Re: red flag for crashing market: rising rents

Postby FreedomLover » Sat Jan 17, 2009 4:00 pm

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Re: red flag for crashing market: rising rents

Postby SeattleMoose » Mon Jan 26, 2009 3:24 pm

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. :)

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Re: red flag for crashing market: rising rents

Postby rose-colored-coolaid » Mon Jan 26, 2009 8:50 pm

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Re: red flag for crashing market: rising rents

Postby RottedOak » Tue Jan 27, 2009 8:35 am

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