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Old 01-16-2009, 09:59 AM
 
Location: Colorado
4,306 posts, read 13,502,796 times
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I don't mean the apartment complexes but rather the private home rentals. Are owners still able to rent out their properties fairly easily or is that suffering too?
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Old 01-18-2009, 12:47 AM
 
Location: Rhode Island (Splash!)
1,150 posts, read 2,706,427 times
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Chil asked: "Are owners still able to rent out their properties fairly easily or is that suffering too?"

I'm sure the answer is YES.

I haven't looked at Boulder rents in the last 4 months, but prior to that the market had really dramatically tightened up in 2007-2008.

Boulder apartment rents had been trending up for all of 2007 and 2008, so I don't think that market is "suffering" either.

As always in Boulder, it's the people paying rent who are suffering!

I am curious what's gonna happen on the Front Range as Great Depression #2 blows through in 2009 and 2010.

Last edited by POhdNcrzy; 01-18-2009 at 12:48 AM.. Reason: Oops. Quick correction.
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Old 02-09-2009, 06:00 AM
 
857 posts, read 1,738,989 times
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Quote:
Originally Posted by POhdNcrzy View Post
Chil asked: "Are owners still able to rent out their properties fairly easily or is that suffering too?"

I'm sure the answer is YES.

I haven't looked at Boulder rents in the last 4 months, but prior to that the market had really dramatically tightened up in 2007-2008.

Boulder apartment rents had been trending up for all of 2007 and 2008, so I don't think that market is "suffering" either.

As always in Boulder, it's the people paying rent who are suffering!

I am curious what's gonna happen on the Front Range as Great Depression #2 blows through in 2009 and 2010.

I doubt Boulder will be significantly affected by the recession. Cities with a high percentage of technical firms with international connections, along with a high percentage of jobs in accounting/business/finance, and jobs at Universities (i.e. Seattle, Albuquerque, Boulder), generally weather "national recessions" very well. Albuquerque, for example, is expected to experience a net job growth loss of -0.2% in 2009. This will quickly rebound to a net growth increase of +1.0% in 2010. Currently, the Boulder County unemployment rate is just 4.8%! That is great considering some of us posting on this Boulder forum are from Flagstaff and Vegas where it's hovering around 10%! Boulder source: http://www.bcbr.com/article.asp?id=98542


Last edited by CCCVDUR; 02-09-2009 at 06:14 AM..
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Old 02-11-2009, 01:36 PM
 
Location: Boulder, Colorado
55 posts, read 175,619 times
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Anecdotally, rents are up 50-100/bedroom across the board.
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Old 02-12-2009, 09:19 PM
 
Location: Rhode Island (Splash!)
1,150 posts, read 2,706,427 times
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Tom Lane, give it time Tom, your doubts will be corrected before too long!
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Old 02-14-2009, 06:16 PM
 
6 posts, read 14,913 times
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It has been pretty weak. I am a Realtor in Boulder and I recently helped someone find a rental, there were a lot of really desperate landlords. We ended up renting a 2 bedroom 1.5 bath home for 995, the owner was originally asking $1495 but after sitting on the market for 1.5 months you take what you can get. I think the problem is a double whammy; many folks such as yourself are deciding to rent instead of sell which is flooding the market and prospective tenants are unsure about their jobs deciding to live with family or friends. Increased supply and decreased demand equals soft market with decreasing prices. Whatever you decide good luck (at least your house is doing better than the stock market). BTW rental demand changes very quickly unlike the sales market

P.S I think I remember your house when it was on the market; your user name matches someone on my mailing list.
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