I used that title just because it was fun to think about. Right now in the real estate world it seems like there is much more of a downside than and upside except for rentals.  The fallout from the slow market and the foreclosure situation has created a very robust rental market.

About sixteen years ago, the rental market was so tight in Boulder that people would come to the paper and ask to see the next days’ classified ads. They wanted to see the new ads  before they were printed so they could get a jump on their “competitors”.

Smart people said “aha!” realizing there was a huge demand for rentals here. Builders were building, and realtors, as well as private citizens, were cashing in on the boom and buying properties before they were even finished!

So the next cycle  was too much inventory for the market to bear. Rents started to come down, owners/landlords had to rennovate and remodel to keep older properties competitve.  Potential renters started to negotiate on rental amounts.

Then the economy started to take head south and more and more people fell victim to foreclosures. Those  who lost their homes turned to rentals. So the upside of the down is that property managers, landlords and owners have been enjoying a very good market. 2008 was the first year in a very long time that I heard some apartment complex managers say they had a waiting list.  

It seems that there is almost always an upside for someone!

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