Author Topic: Rents during the 90's crash and 2008 Crash  (Read 1020 times)

andysandp

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Rents during the 90's crash and 2008 Crash
« on: March 16, 2017, 03:31:16 PM »
Anyone own Real Estate during the 1990's crash?  What was your Vacancy and Rents like?

My father owned a building in NH and he said he got crushed with a 50% vacancy rate in the early 90's. 

During the 2008 Crash, his building wasn't affected too much.

I know every city and region was affected differently, so I'm curious to hear what other people's Rent were like during the crash of 1990's.
« Last Edit: March 16, 2017, 04:28:18 PM by andysandp »

clarkfan1979

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Re: Rents during the 90's crash and 2008 Crash
« Reply #1 on: March 24, 2017, 09:14:05 PM »
I was going to college in San Diego during the dot com bust of the late 90's and early 2000's. My rent went up every year and never went down.

123flip

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Re: Rents during the 90's crash and 2008 Crash
« Reply #2 on: March 25, 2017, 08:08:55 PM »
It's going to be highly dependent on the area.  For example, in Atlanta Metro in 2008, rents dipped up to 30% in some areas due to all the excess inventory drink homeowners renting out their personal residences.

I also had rentals in Maryland, where rents continued to climb.

So, the best answer is, it depends.

Blindsquirrel

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Re: Rents during the 90's crash and 2008 Crash
« Reply #3 on: March 25, 2017, 08:39:28 PM »
   area dependent to be sure. In 2008 crash, rents went up and finding good tenants was easier. 2005-2007 were harder years for us as landlords because they were writing huge home loans to anybody who could fog a mirror. Rents in my area are going way up and the demand is nuts.
Even a blind squirrel finds a nut once in awhile.

rachael talcott

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Re: Rents during the 90's crash and 2008 Crash
« Reply #4 on: March 26, 2017, 06:53:20 AM »
I actually looked up the data for historical vacancies at one point: https://forum.mrmoneymustache.com/index.php?action=dlattach;topic=66993.0;attach=33834;image

On edit: it's a bit hard to read, but the peak in vacancies at the right is 08/09.  The 90's were pretty much flat, at least nation-wide.  If you break it down by region, between the mid-80's and mid-90's, vacancies went up in the NE, down in the South and were flat in the West and Midwest.
« Last Edit: March 26, 2017, 07:02:44 AM by rachael talcott »

NoNonsenseLandlord

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Re: Rents during the 90's crash and 2008 Crash
« Reply #5 on: March 27, 2017, 06:29:17 AM »
Between ~2000 and 2012, my rents were basically flat.  Some fell.