I’ve been sent listings for rentals that have been seriously discounted. One PM sent a list of 23 homes with reduced prices well into the summer months.
I own a small, affordable family home and this is the first time in 28 years that Memorial Day week and the first week of June has not rented. The economy has a lot to do with that. If you can't put food on the table, you can't afford a vacation. Thanks Joe
Thanks all! Great feedback. I am thinking that prices are pretty much going to stick to these levels as well. I do think that we will see an uptick in foreclosures in the next few years because the math won't work for a lot of these homes that were bought based on past years rental numbers as many of you have pointed out that there are vacancies and discounted rates for many homes and fixed expenses have gone up tremendously and the cost of repairing anything has shot up as well. Owning a beach house is not for the faint of heart. You do have to love it!
Lots of people want out of the corrupt cesspool that NJ has been for the past 6 decades.I say that as someone who has spent my whole life in Jersey and has witnessed first hand the disgusting corruption.
Tolls (especially during what they like to refer to as “peak times” The CBBT is now charging $21 for “peak” traffic time. It now costs us close to $100 just in tolls! to drive from NJ)
I'll take some of those gold bars!!! Hahahhahahha!Bad bad bad .......hard to believe
I'll take some of those gold bars!!! Hahahhahahha!Bad bad bad .......hard to believeThe good thing about government jobs is they can take someone who couldn't hold a minimum wage job and make a millionaire out of them.