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>The rental market in SF is definitely turning towards the buyer. Am I misunderstanding something? If rents are going down (like you suggest in your story) wou
by jaredsohn 10y ago
>The rental market in SF is definitely turning towards the buyer.
Am I misunderstanding something? If rents are going down (like you suggest in your story) wouldn't that mean that the rental market in SF is turning toward the renter?
Edit: Thanks for the clarification. Terminology can be confusing since there can be buyers/sellers for the renting homes market and buyers/sellers for the buying homes market.
- kohanz 10y agoHe's classifying the landlord and renter in this transaction as seller and buyer (of the lease), respectively.
- Normal_gaussian 10y agoNo, it would be turning toward (as in, in favour of) the buyer. If it was turning toward the seller it would be fast to rent at a higher price (best situation for seller), yet he is describing the opposite, where buyers have plenty of time, choice, and more purchasing power.
- closeparen 10y agoA "buyer's market" is good for people who haven't bought yet but want to. A "seller's market" is good for existing owners who want to sell.
- deleted 10y ago[deleted]
- Jormundir 10y agoIn real estate, you are correct. A buyer's market in real estate means a good time to buy a house. A seller's market is a good time to sell a house. A renter's market is a good time to rent. I've heard different terms for landlords, usually an investor's market or a landlord's market when rents are high. Saying the market is turning to the buyer in real estate, implies it's a good time to buy a house, and renting is comparatively expensive to a mortgage.