Thursday, January 18, 2007

Orange County Rents to Rise 6.9% in 2007

Just when home owners thought their misery index was rising, renters may also experience a proportionate, though probably less financially devastating, hike in housing costs.

If you're paid $2000/mo. in rent last year, that could rise to $2138/mo. in 2007, or about $2000.00 paid over 12 months.

Is an increase in rent better than the risk of borrowing money from a bank to "own" a liability (home or condo) that will likely declining in value over the next several years in OC?

1 comment:

oc_fliptrack said...

I don't buy it. WAY too much rental inventory out there. Not necessarily the commercial apt complexes but from FB's who need help covering the monthly nut.