BEST ANSWER
FIRST ANSWER
Bruce: That is a chrystal ball question.
But you would think with the glut of vacant, unsold properties in this area, and the well noted decline in property values, the rental incomes would also tumble. Doesn't seem to be the case.
Maybe because of the home owners loosing their place to live or maybe because the potential buyers are unwilling or unable to commit to an actual purchase, we seem to have a sufficient numbers of renters to cover our inventory of rentals available.
Three years from now? I would bet on good rental values. But then I bought bonds last January. Lost over 25% in 10 months. Shows how good my clear my chrystal ball is.
Wed Dec 24 2008, 12:05