A global recession will affect every locality. The “credit crunch” that started in July was just a reversion to normal lending standards. When banks don’t want to lend, it is worse.
Typical recessions do the following:
For our tenants/applicant pool:
They lose their jobs
They move back in w/ parents, or join up and share rent
Vacancies increase as demand [...]
Archive for the ‘tenant’ Category
How will the recession affect the rental market?
Posted in foreclosures, landlord, rentals, small business, tenant, tagged foreclosures, jobs, recession, rental rates, vacancy rates on January 22, 2008 | Leave a Comment »
Rentals are hot
Posted in landlord, rentals, tenant, tagged Denver, housing, rentals on December 20, 2007 | Leave a Comment »
This past week we have approved or rented 1/2 of our inventory. Inquiries come in fits & starts, so the public was making up for a quiet 1st week of December, and we anticipate a quiet last week, too. You can see our beautiful rentals on our website:
http://www.bluesagerealtyinc.com/
We are getting a lot of homeowner inquiries, [...]
Renting to people that lost their home to foreclosure
Posted in foreclosures, landlord, rentals, tenant, tagged Adams County, ARM, foreclosure, housing, rent on December 14, 2007 | Leave a Comment »
For years, we have declined virtually every prospect that was going into foreclosure. It takes quite a bit of effort, as sometimes it seems that up to 50% of our calls are coming from them. Our rental criterion include landlord history and credit. So, they just don’t rate.
Here’s a thought: IF their credit and mortgage [...]
