What effect has the mortgage crisis had on rental rates? Have they dropped in proportion to the lower value?

That is a regional issue, not necessarily a national one. You also have to take into account interest rates. In certain markets, it is easier for some to buy than to rent. In areas with large #s of foreclosures with displaced renters and landlords, the impact may be different.What effect has the mortgage crisis had on rental rates? Have they dropped in proportion to the lower value?
Rental rates are not reflected in valuation fluctuations in rental real estate. Valuation fluctuations have no bearing on the operational costs of providing rental facilities. Insurance, maintenance and taxation costs remain the same or increase. As well, mortgage payments on rental facilities do not change simply because the property values decreased.What effect has the mortgage crisis had on rental rates? Have they dropped in proportion to the lower value?
Around my area (Myrtle Beach, SC) rental rates have dropped. The reason being is that the landlords know that some renters will go out and buy for what they are renting. So many landlords are just shelling out a few hundred dollars a month to cover the rest of the mortgage, etc. that the rent money is not covering.
The rental market in CA has maintained. If the rents were to drop it would force many landlords into foreclosure. I do not see that happening. I am certainly not dropping mine, I still need to eat.





Payroll has not dropped elsewhere, why should it for people providing low income housing?
Purely a guess from my understanding of economics, but since it鈥檚 much harder to qualify for a mortgage right now, fewer people have the option to buy. That should mean that the demand for rental housing is up and that would cause an increase in rent rates.
rents can go up and down. but the problem is the owner not paying the mortgage with your rent.