Austin rent down

https://www.google.com/amp/s/www.bizjournals.com/austin/news/2018/03/30/apartment-rents-are-34-higher-since-recession-but.amp.html

Spiking me? I didn’t own any in the downtown :slight_smile:

Zillow seems to be spiking me too.

21%20PM

Tide has turned. Everywhere rent is stagnating or falling. Austin, SJ, SF

It’s cause the ones that pay top rent are buying.

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Look like I need to talk cock long long for BAGB. Rents with Austin address may be falling, actually I think they mean apartment and not SFHs. Mine is Suburb i.e. not Austin address, so may not be included in the Austin stats. In any case, I just signed a three year contract with annual increments, so the declining rent talk doesn’t apply. The rest of the rentals are not due yet but from experience rents always jump after property tax appraisal in Apr :slight_smile: So is brain dead simple to renew rent at higher rate.

What does this mean?

What I mean is that rental market is stalling in multiple places. Flat to decline rent is a reality, rising rent will soon be the history. We are entering the period of rising home price and declining rent. High end tenants are buying. Terri will become a homeowner this year. Other high end tenants are watching the market and many of them will buy homes and create vacancy.

I’m talking about the macro market, no specific meaning to your Austin suburb homes. Hope your suburb SFR rentals will be more stable and even rising.

Long winded explanation :slight_smile:

Title says Austin :exploding_head:

Rents still going up in Sacramento and Tahoe. But peak maybe near. Recession will mean lower rents every where

The title comes from the article. Are you scared of falling rent or talking about falling rent? Don’t panic, we need straight talk to understand real market trend.

:rofl:

I googled and it gives very different result :joy: did you invent this? Google doesn’t have it yet

Vomit blood :face_vomiting:
Cow head can’t answer horse mouth.

House prices and rent will keep climbing long term. Not enough supply and rising demand, nationwide