ST Alpha - "It's interesting because I think it's starting to hurt the home sales market (when you would think it would be the other way around)." (Reading a Post)

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In response to "Rents Now Rising Even Faster Than Home Prices -- (link)" by ty97

It's interesting because I think it's starting to hurt the home sales market (when you would think it would be the other way around).

Posted by pmb (aka pmb) Jul 5 '12, 07:22

People are less willing to negotiate down to where the market is on sales because they know they can rent the place out for good money. And most renters aren't willing to opt to buy so they aren't transitioning over to what may still be the better fiscal decision.

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At the macro level, I wonder if renting is better though. It makes the workforce more mobile. -- nm - ty97 Jul 5, 07:29 1
- too, with no promise of increase in value, there's no long-term upside other than income tax deduction. - amanda Jul 5, 07:35
I hadn't thought about this, but you're right that it changes the decisionmaking process yet again. one thing that I think - amanda Jul 5, 07:27

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It's interesting because I think it's starting to hurt the home sales market (when you would think it would be the other way around).

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