Fear of Clowns

"Faith may be defined briefly as an illogical belief in the occurrence of the improbable."
- H. L. Mencken

Sunday, October 05, 2008

Anecdote on housing 

I moved into a new apartment today. While signing the lease and other documents, I asked the manager how the housing crisis had affected their vacancy rate. The apartment is managed by a real estate company that manages somewhere around a gross of apartments. She said the vacancy rate was good and added that several former tenants had bought houses. I would have expected the gush of foreclosures to notably increase the demand for rentals.

This is just an anecdote, however I viewed several properties managed by this company in my apartment search and all were well kept up and otherwise desirable, so would think families moving from houses to rentals would be particularly drawn to apartments this company manages.


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