Replies to post #9 on Real Estate Trends (RETRENDS)

[cocktails and dreamz]

yes, in my area, they certainly haven't dropped but they very well might with more and more rental properties being available

I'm guessing the rentals along the beach areas and "second home" rentals people purchased will feel the downward pressure of the rental market

For example: I am going to Miami (South Beach) this weekend and I have found a condo/hotel to stay in through an individual. He has just cut his prices 50% per night so now I'm staying in a nice 4-5 star type place for 50% less than I would a few months ago. That might be what that market faces

[cocktails and dreamz]

home prices should get in line with current rental prices which is why they are coming down just like a stock....too much speculation/investors