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comment by b_b
b_b  ·  699 days ago  ·  link  ·    ·  parent  ·  post: In which REITS eat shit

    The median asking rent for any rental unit rose to $1,827 in April, according to Realtor.com, the highest rent on record and a nearly 17% gain from the prior year...

    Owners who paid steep prices for apartment buildings could be at risk if rent growth slows

Ummm. Can't tell if this line was written tongue-in-cheek. Does anyone expect that 17% price growth is possible year over year without interest rates that are near that mark?





kleinbl00  ·  699 days ago  ·  link  ·  
b_b  ·  699 days ago  ·  link  ·  

I'm sure the collapse of that industry will be awesome for my hometown...somehow Detroit became to mortgages what it once was to pizza, a hub of easily-exported mediocrity.

kleinbl00  ·  699 days ago  ·  link  ·  

Orange County's economy was 70% REITs in 2007. Countrywide's demise wasn't great for them? But they survived.

kleinbl00  ·  699 days ago  ·  link  ·  

Them's some dry mutherfuckers from time to time.