Rent! You Can Always Buy Later for Less!

We've got a conversation going!  Leslie, I have to call you about the Payson vs. Tucson market. 

Kate,

NBC didn't put a banner with his name under the "expert's" interview.  I wonder if he owns a home...  LOL

Bill,

Good point!  Thanks for coming by to comment. 

Kevin,

Too many "investors" thought otherwise, and that's a large part of the market shakeout.  It'll turn around.

Leslie,

Thanks for taking the time to present the opposite point of view as a property manager in Payson.  Month to month leases in Tucson are exception.  I agree with you that some people will always rent, and that not everyone has the financial stability or desire to own a home.  As to values declining, I understand that this is happening.  We have fewer buyers chasing more listings, and that drives prices down.  Like all cycles, it will reverse itself as buyers return, drawn back in by perceived bargains.

Loreena,

I like your philosophy!  Thanks for commenting.

Paul,

Now there's a niche I hadn't thought about.  Cave dwellers!  LOL  Thanks for commenting.

Eric,

The television "news" has replaced the corner bar as the place to hear drunken gossip!

Lenn,

News anchors used to pride themselves (a quarter century ago) on presenting impartial news.  No one, from CNN to Fox News, can lay claim to that high moral ground today.

Fran,

It's all about the conversation.  We've got to out-talk the talking heads.

Eleanor,

Yup!  National TV.  Who is Suze Orman?  LOL

Tucson Dawn,

• Succinct and to the point!  Thanks for commenting.

Mike,

 There's no question that it's self serving for NBC.  Your comment is thoughtful and well written.  Come back any time!

Robin,

I'm encouraged to hear what's going on in your office.  We really do have to get together for a cup of coffee.

Lane,

Rents are going up, but it hasn't caught the fancy of the news organizations yet.  Pretty soon we'll be hearing about another new crisis in housing--exorbitant rents!

Team DiMuria,

Irresponsibility is no impediment to any of the news organizations in the search for ratings and profits.

Vance,

Many professionals are doing just that.  Our book keeper's daughter is a realtor in Washington state, and she just bought an investment property.  She's had no problem getting it fully rented.

Lisa,

Thanks for commenting.  Nick's checklist is useful.

Mike in Tucson

Kathy,

Thank you!  That's a good point.  LOL

Elizabeth,

Thanks for the encouragement.  Congratulations on your recent featured post!

James,

You're welcome.  Thanks for commenting.

Judy,

That's funny, but to the point:  ...flushing their dollars down someone else's toilet!" 

Marlene,

Ya, you betcha!

Mike in Tucson

Rita,

Thanks for commenting.  I agree with you about the rates. Many people are sitting on the sidelines waiting for things to shake out.

Carol,

We don't have any talking heads in our neighborhood; how about in Wenatchee?  LOL

Barb,

The fact that rent prices are increasing isn't something the "heads" are talking about yet, but it's a sign of renewed sales activity to come.  That's a silver lining.

Adam,

Thanks for stopping by to comment.  It's got to be pretty cold in your neck of the woods right now.  Schedule a visit to Tucson!

Judi,

I have to get over to your blog to check out things in Oklahoma.  Thanks for the compliment.

Dan,

It seems they like to fan the flames of controversy.

Sandy,

Congratulations on your purchase.  Much success with your investment!

Mike in Tucson

Jay,

Just like the stock market, there's no way of predicting the bottom.  We'll find it in the rear view mirror.

Alan,

Thanks for stopping by to advertise.

Bill and Barbara Jo,

At some point, the good deals will have been yesterday's, and people will bemoan the chance they had, if only they had taken it.

Mike in Tucson