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eerie parallel: Miami had similar run-up in rents

snigletsniglet
edited May 2007 in Seattle Real Estate
It looks like the Seattle area is following in the foorsteps of Florida: Miami saw a tight rental market, with payment increases, just before things tanked.

http://www.miamiherald.com/457/story/100674.html
It's about to get a little easier for South Florida renters. The sharp jumps in rental rates of recent years are finally starting to flatten out. There are now more vacancies. And thanks to a weak housing market, some condo and house owners who can't sell have decided to become temporary landlords instead, giving renters more choices.

Comments

  • georgegeorge
    Will anyone be stuck holding condos they can't sell in 2008-2009?

    Does the Pope own rental property?
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