4 ms·
Do eviction rates correlate to rent prices at all?
by jabedude 5y ago
Do eviction rates correlate to rent prices at all?
- QuarterReptile 5y agoProbably yes in ways that make perfect sense in local contexts. For example, I've never had a landlord try to scam me out of a deposit when moving out of a rental that was expensive for the area. I've never had a landlord fail to do so with rentals considered "affordable" for the area. I imagine evictions are the exact same market space.
- notch656a 5y agoOption A: 1) Leeches occupy housing without paying 2) Paying renters compete for constrained supply of housing not occupied by leachers ------------ Option B: 1) Leeches kicked to curb 2) Paying renters compete for entire supply of housing --------------- Option B has higher supply for the competing demand. Prices should fall, unless all leeches become paying renters.
- jcadam 5y agoMy one experience as a landlord didn't go well. I'm too soft-hearted for that business, but ended up with a house I couldn't sell after the housing market collapse back in 2008. Had a single mom move into my rental house. She missed rent a few times, but I always gave her time to make it up weeks later instead of doing what the law allowed and serving an eviction notice with a 3-day limit to come up with the rent. She ended up letting some loser move in and they proceeded to trash the place together by running a rabbit breeding operation out of the house. I should have just done a short sale at the outset instead of "doing the right thing" and holding onto the property for 5+ years and having to sell at a loss even in a strong market.