sreetapa73, Home Buyer in Pleasanton, CA

Has rental rates increased in Pleasanton since last year?

Asked by sreetapa73, Pleasanton, CA Tue Jul 17, 2012

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The lead story in our local paper today is headlined “Buy it: rents spike to record”.

The story goes on to say that San Francisco Bay Area rents have hit an all time high.

Rents have gone up dramatically in Pleasanton and all Bay Area cities.
0 votes Thank Flag Link Wed Jul 18, 2012
Yes rents are increasing , there is no doubt. There are some very basic factors
1. There are many home owners that have had to Short Sale their homes, as they cannot keep up with their mortgage payments due to tough economic times
2. Our micro-economy is flourishing
3. Pleasanton continues to be a city of destination for many South Bay workers, and offers so much,
with top schools, a well run city, controlled housing, and a wonderful Family environment .

Steve is right, as many find it better to buy if they can then rent, We seem poised to continue in an upward housing demand.

Please email or call if you would like to disuse further.
Julia Murtagh
"Brining Integrity To Your Front Door"
Alain Pinel Realtors
0 votes Thank Flag Link Tue Jul 17, 2012
Yes, rents have gone up cross the board as people lose their home to foreclosure and become tenants. California seem to be also doing better than rest of the country so I have also noticed lot of relocation from the other states into our area increasing the demand for rentals.

If you have good credit and foresee living in the area for the next five years, you may want to consider buying a home. I would not be surprised to see your net cost to buy a home after tax benefit to be very close or lower than renting the same house.

Best wishes,
Steve Mohseni
0 votes Thank Flag Link Tue Jul 17, 2012
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