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Comments on: Free Market Bringing Things Back In Line

Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.

Published: Sun, 18 Feb 2018 08:07:53 +0000


By: Steve B

Wed, 08 Aug 2007 00:08:40 +0000


By: moom

Sat, 04 Aug 2007 01:00:37 +0000

Clifton Park is in Saratoga County not Rensselaer.

By: moom

Sat, 04 Aug 2007 00:54:06 +0000

I've rented this apartment for 5 years in Rensselaer County (mentioned in the article!) and not had an increase. I pay $600 per month for a 2 bed in a nice building with a single owner of the complex. Once I had a rent increase of 10% in Australia in an apartment I rented for 6 years from and individual landlord.

By: Chuck Ponzi

Fri, 03 Aug 2007 23:39:28 +0000

Are you kidding? They dropped over 7% today. That's not gaining back most of what they lost. They have been fried and toasted nicely. Chuck Ponzi

By: mrquoi

Fri, 03 Aug 2007 22:53:34 +0000

The snark tank gets awfully low in Tx's absence.

By: Hondje

Fri, 03 Aug 2007 22:28:06 +0000

I share a nice 3br townhouse built in the 1930's in Arlington, near Columbia Pike and Walter Reed....I pay $700/mo in rent, which is less than I paid for my last place in Austin, TX.

By: Bad Chile

Fri, 03 Aug 2007 21:05:46 +0000

I actually rent from a community here for a small premium over an individual landlord. I've rented from both, and at the end of the day, with the exception of one really nice landlord that let me do all the maintenance in exchange for a rent deduction, I've had better luck with the big companies. One guy I rented a house from who lived next door had a washer and dryer in the basement. The landlord did not have a washer and dryer, and thought nothing of allowing his wife to come in during the days I was at work to do their laundry. And he had the nerve to say, "well, it isn't really a violation of privacy since you're at work." I find the small premium on paying higher rent worth the lack of headaches.

By: Michael

Fri, 03 Aug 2007 20:59:16 +0000

Newton has a lot of older properties so the place may have been in really bad shape. It would help to know the neighborhood that the place is in.

By: Ghostwriter

Fri, 03 Aug 2007 20:52:33 +0000

Housing analysts attributed the mansion-buying binge to everything from Wall Street buyouts to baby boomer inheritance. I don't believe these mansions are bought by baby boomer inheritance. Everything in the last few years has pointed to the fact that baby boomers are not going to get the inheritances they thought they would. Also the parents of boomers tended to have 3 or 4 kids, so that inheritance is split many ways. Unless their parents were super wealthy, million dollar homes are not in their future.

By: JayInMD

Fri, 03 Aug 2007 20:51:18 +0000

I remember Mass in 80-82, 90-90 WAS NOTHING!!!!

By: guy

Fri, 03 Aug 2007 20:48:25 +0000

I think the big difference is probably individual landlord vs. something large enough to have a property management company involved. I've lived in large apartment complexes almost exclusively. Individuals have good reason to care about keeping their good renters happy. Large companies care about getting the rent on time and *absolutely* nothing else.

By: Tom

Fri, 03 Aug 2007 19:48:33 +0000

Cramer says FED needs to come out and say "We won't let markets drop" He also wants them to lower rates to jump 1000 points. (INFLATION).