Let’s talk housing

originally posted by: DontTreadOnMe
a reply to: JAGStorm

I don't think so.
I think the family diners will not be able to bounce back compared to some of the higher end restaurants...and I am not talking the expensive eateries.

Depends where you live at and how stupid your state and county went. Down in swfl many are making record sales right now.

originally posted by: nonspecific
So with so many vacant properties why are rental prices rocketing across the globe?

Assume I'm not too bright and explain what the reason behind this is?

originally posted by: strongfp
a reply to: nonspecific

.

Not sure if it correlates to residential but in commercial space in certain areas the landlord is restricted by their banks on how low of a rental rate they can set. The supposed reason is the bank is trying to protect itself from letting the property value depreciate by allowng rates to decrease to low. So that is why you sometimes see empty commercial space for long periods of time, without a decrease in rental rates.