Rental Prices Too High, Harvard Study Says

A recent study by Harvard's Joint Center for Housing Studies has reported a rising price trend in rent - reporting prices that are approaching unaffordable in many markets.

According to the study, a huge number of homeowners left their underwater properties behind, due to the  "The Great Recession", and are now renting homes and fighting rental prices. These families are now forced to cut essential spending in other areas to pay expensive rents.

Among the cuts: food, transportation, and retirement savings.

It's important to note that inflated rental prices do not affect all areas, but have a large impact on expensively-priced neighborhoods.

One great way to beat the rental market is simple: buy a home! Buying a home is still as affordable as renting, and the tax benefits alone could possibly make it even cheaper (check with your tax attorney).

Prices are low, rates are low, and it has never been a better time to buy. If you or someone you know is ready to buy or sell property, call today!

Thuy Doan, Broker / Owner

If you, or someone you know is interested in buying or selling property, please call right away!

Thuy Doan

Thuy Doan
Broker

Office
858-566-0907

Cell
858-245-8503

Fax
858-578-8414

Email

CA BRE 01410198

Jessica Quy

Jessica Quy
Realtor & Mortgage Loan Officer

Office
858-566-0907

Cell
760-532-5659

Fax
760-888-2088

Email

CA BRE 01892307

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