Forget living like Jack Tripper or George Jefferson bitter renters. Now's the time to live like Donald Trump, but for pennies on the dollar, in a nice new house or condo - not an apartment complex.
America has millions of vacant homes, millions of failed flippers and desperate accidental landlords, millions of foreclosures and bank owned properties, and millions of reasons why rents will be low and going lower for years to come. And don't be fooled by the government inflation numbers, which will be surpressed by falling rents for years to come.
Enjoy bubble sitters. Enjoy bitter renters. You're sitting pretty now.
Rental Rates Begin To Drop With Home Prices - Rent Concessions Can Include Up To Three Months Of Free Rent
If one were to describe house prices to falling rocks, then, it would be safe to say that rents in South Florida are dropping like boulders.
"We're just trying to stay competitive," said Frank Leonor of Design Place to CBS4 David Sutta.
After years of price increases, property managers like Leonor are doing the unheard of: offering not one, not two, but three months free rent to get you in the door.