Beyond the headline, More Americans Likely to Rent the author(Mary Umberger, Los Angeles Times via Chicago Tribune, November 21, 2010) wrote that the key word of the year was "cautious".   I say the better word is OPPORTUNITY.  Where some will see doom, gloom and all sorts of negatives - why not look towards the positive? 

She writes in part...

while Americans are not giving up the American Dream, and while about 84% said owning makes more sense, the percentage who said their next home would probably be a rental has grown(33% from 30%  June/July 2010 report vs a April 2010 report).  Renting makes more sense according to some of the respondents.   In addition, those currently renting, said it "makes more sense" to continue to rent. 

So, how do we as Realtors use this information?  How about the very viable investor market?  How about taking that call about leasing a property?   I have personally had lease clients turn into buyers and eventually sellers.  Can't you see the possibilities in the situation?  

Cautious/Schmautious(yeah, it's a new word).....possibilities and opportunites are there....

 

Michael Jacobs

Coldwell Banker Residential Brokerage

DRE # 01165532

2065 Huntington Drive

San Marino, California 91108

Cellular:  818.516.4393

Office:  626.685.5246

Office Fax:  626.568.9507

michaeljacobs@coldwellbanker.com

www.camoves.com/michael.jacobs

 

 

 
Post is included in group: Diary of a Realtor
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14 Comments on Danger Will Robinson! Opportunity or Danger - What Do You Think?

NOV
22
2010
265,530 Points 1 Featured Post Outside Blog Called Shot Master

Tucson has always been a renter's town. Less than a 50% rate of home ownership. investors need to be really careful and buy in the lower price ranges to give them a competitive edge in rental prices. Lots of rental competition here.
1:34am • #1
657,561 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

It is our job to help the individual know the difference in ownership and renting.
1:37am • #2
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

Hey Jon - that's incredible.   I did not know the high rental percentage in Tucson - sounds like some opportunities with some good investors.  Thanks for sharing and your comment.
1:44am • #3
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

Tim - you are absolutely correct.  I think the premise that everyone should own versus rent is a fallacy.  It depends on the individual situation and so many different factors.  Thanks for your thoughts.
1:45am • #4
1,423,358 Points 41 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Good post and looking ahead on time I see this becoming more and more appealing
6:40am • #5
525,747 Points 6 Featured Posts

Seriously!? We have to get the difference known indeed! We have to make them understand what Renting and Owning is.
7:15am • #6
179,682 Points 1 Featured Post Outside Blog Called Shot Master

Michael, I agree.  Someone has to own properties for folks to be able to rent.  What will they think when landlords are doing well and increase the amount of rent?  Plus, interest rates are so low why wouldn't you want to own your own home and reduce what it cost to move ever year or so?
8:18am • #7
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

@Fernando - thanks for your comment.
10:41am • #8
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

@Will - I agree - our role is to know how to respond when presented with this type of information.  Thanks for your response.
10:43am • #9
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

Carla - you have made great points.   Thank you for sharing them.
10:44am • #10
SEP
04
523,384 Points 10 Featured Posts Outside Blog Called Shot Master

Wow, Michael.  This might bear repeating somehow....I know that you could say "see what I wrote back then?"
2:49pm • #11
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

Hi Ron -- I have returned to review old posts I have written to see how I can address a subject differently or put a new perspective on a subject.  
3:05pm • #12
FEB
11
698,000 Points 15 Featured Posts Outside Blog Called Shot Master

If I could find another post to reblog, I would.  You are such a great writer.
9:16am • #13
591,202 Points 58 Featured Posts Outside Blog Called Shot Master

Suzanne - you are very kind.   Thank you very much.
9:24am • #14


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Michael Jacobs, Pasadena CA/SanGabriel Valley Realtor, 818.516.4393 cell

Pasadena, CA

More about me…

Coldwell Banker Residential Real Estate

Address: 2065 Huntington Drive, San Marino, CA, 91108

Office Phone: (626) 685-5246

Cell Phone: (818) 516-4393

Email Me

Your source for real estate representation in the San Gabriel Valley and northeast communities of the city of Los Angeles including: Pasadena, Altadena, South Pasadena, San Marino, Alhambra, San Gabriel, Temple City, Arcadia, Sierra Madre, Monrovia, Duarte, Bradbury, Azusa, Glendora, Claremont, Glendale and La Canada Flintridge as well as Highland Park, Monterey Hills, Eagle Rock, Mt Washington, Montecito Heights, Glassell Park and Sagamore Park.


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