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Falling Rents
calculatedriskblog.com - 2/24/2009
Falling Rents
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Click on ad for larger image in new window. Here is an ad , from the Albany Times Union , trumpeting a rent reduction. (ht Justin) I've heard stories of rent reductions all across the country and most recent apartment Market Tightness Index is showing significant weakness. Even though ...
What If Rents Cliff Dive?
calculatedriskblog.com - 2/27/2009
What If Rents Cliff Dive?
— calculatedriskblog.com — Yesterday I posted two graphs based on the Capital Assistance Program house price scenarios. The first graph... was the change in nominal house prices, and the second was a house price-to-rent ratio (assuming rents are flat for the next two years). But ... (more) What If Rents Cliff Dive?

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Paul Krugman:  "Highly unlikely"?

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"Highly unlikely"?
Paul Krugman — ... Fed officials emphasized that these hypothetical events were “highly unlikely” to occur. Um, quite a few private forecasters expect unemployment to top 9 percent, which makes 10-plus a reasonable possibility. Meanwhile, using today’s release of the Case-Shiller price index and the BLS measure of owners’ equivalent rent, I get this for housing: The price-rent ratio is still 15 percent above its 2000 level, and why shouldn’t it overshoot given the excess supply right now? Oh, and rents are falling . Bottom line: that “highly unlikely” case seems all too possible to me. Maybe ...

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