SFH and Rental Property Disconnect

[mochilero]

I just read Marc Stephan's "Unlimited Real Estate Porfit," and loved it. Here in Tucson, however, there seems to be a disconnect between the single family housing and rental markets. Prices are up by 100% in the last few years for homes, (indicating the expansionary phase by his theory), and yet apartment rents have gone nowhere, and there are still empty apartments everywhere. It's an interesting situation. Has anyone seen this in other places?

Steve

http://www.HousesUnderFiftyThousand.com

[ninja85001]

Yes, I have seen it in Phoenix. But fret not as home prices have increased exponentially, they have outpaced incomes and so now it will take time for income to catch up which means people cannot easily qualify for new homes, however; they will still need to live somewhere! This is where the market will turn around for you. Are you a rental property owner? I represent Great S.W. Mortgage and perhaps we can discuss some options for you in order to ensure your longevity.

Andre' Wilson
Senior Loan Officer
andre_wilson@gswhomeloans.com

[mochilero]

I'm not a rental property owner at the moment (just sold our rental in Michigan), and don't plan to be here until cash flow is again possible. It will happen eventually, I'm sure.

Steve

http://www.HousesUnderFiftyThousand.com