Comments on: Finding the Bottom of the Market; When Should I Buy?

By: mike.martin

mike.martin — Thu, 19 Jun 2008 16:44:04 +0000

A lot of experts agree that the whole “bubble popping” thing in the real estate market is 75% hype — the properties were never worth quite what they were at the highest point in the market, and they’re ultimately going to pop back up again, once we get through some tough years.

The fact that your rent won’t go down has most to do with the fact that you live in a really desirable part of a really desirable — and relatively economically stable — city. If people want to live in Brighton, they’ll pay to live in Brighton. The property values in Brookline haven’t really gone down at all.

So…no rent rebates. It would be nice, though.

By: S in Brighton

S in Brighton — Thu, 19 Jun 2008 16:35:13 +0000

That’s a really good point. Maybe I should have a word with my landlord – just kidding. But my rent has steadily gone up, what would you relate that to then? I suppose if the property value is decreasing, then perhaps they are trying to offset their deficits?

By: mike.martin

mike.martin — Thu, 19 Jun 2008 16:32:32 +0000

Thanks, S!

This is the thing about rents: if property values have fallen 25%-30%, then you’d think rents would, too, right?

You’d think that, but I’ll bet it isn’t true.

I’m a big fan of that dog, too….

By: S in Brighton

S in Brighton — Thu, 19 Jun 2008 15:40:43 +0000

Interesting info. While I am not in a position to buy, and am dubious that I ever will be; I am wondering if you have any good news for renters?

P.S. The blog with the dog (toy poodle) is by far my favorite post. That pooch is to die for! Of course, I may be a bit biased.