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Apt. vacancy at 22 yr. high ...


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2009 Jul 8, 5:39am   1,958 views  4 comments

by Lectrician   ➕follow (0)   💰tip   ignore  

http://www.bloomberg.com/apps/news?pid=20601213&sid=aSospcz2XsYw

 

Let's see ... where have all those folks gone ... they can't all be doubling up ...

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1   sfbubblebuyer   2009 Jul 8, 5:43am  

Sure they can! Moving back with the folks, getting roommates, renting out spare bedrooms...

Don't forget all the people renting out their houses 'until the market comes back'.

2   zetabeos   2009 Jul 8, 5:59am  

and add more inventory in the bay area.

http://news.yahoo.com/s/nm/20090708/us_nm/us_realestate_usapartments

U.S. apartment vacancies near historic high: report

To maintain occupancy, many landlords, including Equity Residential, Apartment Investment and Management Co, AvalonBay Communities Inc and Mid-America Apartment Communities Inc, have sacrificed rental income and boosted concessions.

"It's very clear there's some leasing going on, but it's coming at the cost of a whole lot of concessions offered," he said.

In other areas, such as Las Vegas, San Francisco and San Jose, California, effective rents dropped more than 2 percent from the prior quarter.

4   dont_getit   2009 Jul 8, 9:35am  

nassau_bust says

Has anyone looked at this story ??
http://www.bloomberg.com/apps/news?pid=20601039&sid=a62_boqkurbI

It was confirmed by Treasury that they were fake notes. No Really ;)

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