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Rent Dropping

You can use words however you like, but a bubble is when people run-up in housing prices fueled by demand, speculation and exuberance, and most of the increase has been due to demand.
 
I love rent control, But I do miss having a house then I remember all the work and expensive things that go with ownership, strange we have a house up in riverbank (central valley) that is rented through a real estate agent and they cover every thing, I just couldn't live there.
 
I'm pretty sure that 99% of rental investors/ owners do not understand the economics behind rental property.
 
Yakoo752 said:
Lol, wut?
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Is every situation of high demand and low supply a "bubble"?

Ironically my roommate is moving in with b.f. and his b.f's roommate is moving in with me and I'm raising the rent and it's still $300 less than he's paying now! I probably will freeze it for the foreseeable future.
 
HappyHighwayman said:
You can use words however you like, but a bubble is when people run-up in housing prices fueled by demand, speculation and exuberance, and most of the increase has been due to demand.
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You'll be foreclosed on before you admit anything won't you :laughing

Yes, your 500sq ft condo is worth 1 million dollars :rofl
 
Maybe I live on the ground floor! (I don't )

Sometimes I consider moving downstairs, renting the master floor for more money and gain access to my backyard.
 
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I know you think everyone's just a hater or something, but BA housing just isn't set in reality. When homes in Martinez are going for 3/4 million dollars something is amiss.
 
JesasaurusRex said:
I know you think everyone's just a hater or something, but BA housing just isn't set in reality. When homes in Martinez are going for 3/4 million dollars something is amiss.
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I'm in Martinez and my house needs a lot of updating/minor work. I could still probably sell it for $550k-$600k without too much effort. Not too bad considering I paid $475k for it back in 2014.
 
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