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Rising Rents Risk U.S. Inflation as Fedís Restraint Questioned
Bloomberg | 2011-05-30 | Joshua Zumbrun

Posted on 05/30/2011 5:53:15 PM PDT by rabscuttle385

Link only, per FR posting rules


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 0bamasfault; debt; default; economy; financialcrisis; housing; inflation; obamanation; obamanomics; obamasfault; parasites; stagflation

1 posted on 05/30/2011 5:53:20 PM PDT by rabscuttle385
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To: stephenjohnbanker; wafflehouse; Leisler; PAR35; TigerLikesRooster; AndyJackson; Thane_Banquo; ...

2 posted on 05/30/2011 5:56:54 PM PDT by rabscuttle385 (Live Free or Die)
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To: rabscuttle385

I can’t imagine how much it has to suck for renters these days... with all the demand from people losing their homes... ouch.


3 posted on 05/30/2011 6:05:45 PM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: rabscuttle385

job growth?

job growth is fueling rising rent? where the hell is this job growth they are talking about?


4 posted on 05/30/2011 6:08:16 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: rabscuttle385

At some point, buying a house at ridiculously low distress sale foreclosure prices is going to be serious competition to the rents.


5 posted on 05/30/2011 6:08:59 PM PDT by HiTech RedNeck (Hawk)
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To: rabscuttle385

The housing mortgage holders were given unlimited funds at %0.1 interest and lower. The commodities of ‘coarse’ (gold,copper,platinum.etc), are the only purchase.


6 posted on 05/30/2011 6:09:30 PM PDT by allmost
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To: HiTech RedNeck

There is still a big imbalance between the cost to rent and own in Socal.


7 posted on 05/30/2011 6:12:02 PM PDT by Jim 726
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To: mamelukesabre

>>where the hell is this job growth they are talking about?<

Uh, where you been? Walmart, McDonalds, Taco Bell, Burger King, Dominos pizza.

It’s all around you, just think...How may I serve you today sir? Welcome to Walmart...wanna sticker young man?


8 posted on 05/30/2011 6:14:07 PM PDT by servantboy777
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To: mamelukesabre
where the hell is this job growth they are talking about?

In the Washington, D.C. metropolitan area.

Your federal tax dollars at work.

And, mind you, the trend is consistent, irrespective of which party is in power.

9 posted on 05/30/2011 6:14:52 PM PDT by rabscuttle385 (Live Free or Die)
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To: HiTech RedNeck

At some point, buying a house at ridiculously low distress sale foreclosure prices is going to be serious competition to the rents.
***************************************************
The titles are clouded , the previously foreclosed houses are unsalable except for cash only and with a “special warranty deed” meaning once you pay all the title problems are yours except for the few weeks/months when the person you just bought from owned it.

The only buyers are “investors” ,, not regular retail purchases..


10 posted on 05/30/2011 6:35:58 PM PDT by Neidermeyer
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To: HiTech RedNeck

doubtful. Too many people with ruined credit.


11 posted on 05/30/2011 6:40:12 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: Neidermeyer

Some of the foreclosures have title problems, but by no means all.


12 posted on 05/30/2011 6:40:16 PM PDT by HiTech RedNeck (Hawk)
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To: mamelukesabre

As if prospective landlords don’t look at credit reports?


13 posted on 05/30/2011 6:41:29 PM PDT by HiTech RedNeck (Hawk)
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To: rabscuttle385
Rising Rents Risk U.S. Inflation a. . .

Wrong wrong wrong wrong wrong! Increasing the money supply by a whopping $2.6 trillion over the last 28 months is what not only has risked inflation, but has actually caused it.

14 posted on 05/30/2011 6:43:36 PM PDT by Hoodat (Yet in all these things we are more than conquerors through Him who loved us. - (Rom 8:37))
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To: HiTech RedNeck

a poor credit rating can’t shut you out of all rental agreements. But it can shut you out of all mortgages...especially when banks are as protective of their money as they are currently.


15 posted on 05/30/2011 6:53:58 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: rabscuttle385

http://www.freerepublic.com/focus/f-chat/2727372/posts


16 posted on 05/30/2011 7:04:21 PM PDT by mamelukesabre (Si Vis Pacem Para Bellum (If you want peace prepare for war))
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To: HiTech RedNeck

i thought so but plenty dont qualify.


17 posted on 05/30/2011 7:04:33 PM PDT by Chickensoup (The right to bear arms is proven to prevent government genocide. Protect yourself!)
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To: HiTech RedNeck

First the banks have to foreclose. From what I can tell anecdotally, there are a lot of unforeclosed-upon properties still out there. I don’t understand the banking business well enough to know why. Part of it might be the system is overwhelmed, part of it the issue of poor documentation slowing the process, part of it that when they foreclose, the banks have to take the write-off. Or at least that is my guess.


18 posted on 05/30/2011 7:15:02 PM PDT by FreedomPoster (Islam delenda est)
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To: rabscuttle385

We know why rents are high, and that it has nothing to do with the Fed.


19 posted on 05/30/2011 7:46:14 PM PDT by familyop ("I'm going to cut open his head and eat his brain." --Deacon, "Waterworld")
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To: FreedomPoster

The banks don’t have to pay property taxes, until the properties are sold again. There aren’t many buyers. The bankers’ local friends in government want revenues. Some who are being foreclosed upon might be willing to continue paying property taxes.


20 posted on 05/30/2011 7:51:24 PM PDT by familyop (Shut up, and eat your brains!)
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To: HiTech RedNeck

My son rented a piece of crap house w/4 bedrooms and a lot of room for all his stuff right off the freeway for 1300 bucks a month.

I recently, strongly suggested that he buy a house. He got a 3 bedroom, 1/3 acre, fully fenced with a large well-built storeroom. It has a new gas furnace and refrigerated air that the inspector said probably cost 12K. It is in great shape because all the things that were wrong with it his lender forced the owner bank to fix. His payment is 700 bucks.

The only bad thing is they must have watched DIY shows because the colors are horrid. He is painting everything white.


21 posted on 05/30/2011 7:51:45 PM PDT by tiki
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To: rabscuttle385; ex-Texan

Obama’s depression, hyper-inflation and the next Wall Street crash prior to the end of 2011, shall be his disgusting, failed legacy.


22 posted on 05/31/2011 1:44:02 AM PDT by M. Espinola (Freedom is never 'free'.)
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To: pnh102
I can’t imagine how much it has to suck for renters these days... with all the demand from people losing their homes... ouch.

In my area there are a ton of rentals (a lot of them homes that the owners could not sell and bank repos). In addition, the apartment complexes are all advertising free first month's rent, and all kinds of other enticements.

I have family in Florida that see the same thing - only more so. In those cases there are whole subdivisions and condo buildings that didn't sell. They are all for rent. Even the ones that are selling are mostly selling as rental investments. One brand new condo building in their neighborhoood went to Section 8 in order to get it rented.

23 posted on 05/31/2011 7:51:33 AM PDT by Roses0508
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To: rabscuttle385

Rents will be high for 2 or 3 years, until the REOS disappear.


24 posted on 05/31/2011 12:05:55 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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