here's the thing...there's only so many houses, and so many condos and apartments, and right now there's a growing population. So eventually its got to even out based on supply and demand. As rentals become more expensive because they're in demand, ownership will again be seen as more attractive. <<

there are more houses for sale than there are buyers. well, qualified buyers at the very least. you are going to have calculate the ability to buy into your formula. our population is growing, but at a slower pace.

Banks aren't just going to dump a property they've invested 200k for 25k...The sky is not falling. Its just low clouds. <<



they are and have been. check out some of the real estate auctions and the prices on reo property. you can also browse thru trulia. hud homes. or similar sites. it is true that many of these need repair. i just bid on some houses in atlanta. they originally sold for over 250k. 15 years later and they brought 45 to 50k. detroit is even worse off. so is vegas. sometimes a loss is the best answer. write it off and put that capitol back to work.


vacancy rates for rentals around here is 15%. eviction rates are up. and we have a lot of vacant property for sale.

the problem is not a lack of interested buyers or renters. regardless of what the true number of unemployed is. unemployed folks normally do not have the money to rent or buy. they are going to find it difficult to qualify for a loan to make that purchase.

mall owners like to charge rent based on door counts. the more people counted coming thru the doors supposedly equates to higher sales. sounds reasonable. until you stand at the door and count the number of people leaving who did not buy anything. 100 people walk in and 90 walk out empty handed. no purchase. true door count is 10. this is even worse in real estate or used vehicles. 100 people are interested in it. only 10 can afford it. and how many of those 10 will want to buy it. that 10 is the potential customer base. if none of those 10 want it, no sale.

is the sky falling? well, i guess that depends on where you are standing. can we change that. of course.

i know i am glad i don't have any property in detroit.