New real estate poll: Rental costs
Many of you are renters -- or at least that's what the results of the last poll suggest -- so I thought I'd put together a poll just for you.
Shed some light on how your rental costs are changing (or not) in these strange days. On the one hand, falling homeownership rates. On the other hand, more homes for rent because sales are still dropping. So what's winning, supply or demand?
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Comments
I'm a landlord, but I have been very conscious of NOT raising my rents given the state of the economy. I'm amazed, however to see the recently advertised rents for properties in the Baltimore area, which look to be substantially higher than on similar properties a year ago. Either some landlords are nuts, or else I suspect that, in part, the latest property tax re-assessments have pushed many landlord' costs up substantially.
Posted by: lisa | May 25, 2009 2:35 PM
That's an interesting point. Thanks for weighing in!
Posted by: Jamie Smith Hopkins | May 25, 2009 3:10 PM
The main reason why I am staying with my current apartment is because the cost of 1BR apartment has increased so much. It's a challenge for a single person to find a reasonably priced 1BR apt in a safe neighborhood in Baltimore. I'm 30 and nearly all of my peers are sharing expenses with roommates, a spouse or living with family. Baltimore housing prices need a correction on both homes for sale and rentals.
Posted by: ldj78 | May 25, 2009 6:44 PM