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Real Estate
Reply to "Why doesn't my condo grow in value?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it really just is that inventory has increased, some buildings along Rockville Pike have had more refurbishment and the market's moving a bit more slowly in suburban condo markets. I'll bet the world looks a bit different for your condo in a year when the Bethesda mkt starts to put more pressure further out and so forth. Are you able to rent it out? I'll bet rents have gone up in that time...[/quote] OP here. Yes, the rents are up and I'm having no trouble renting it out at a nice price - have been for the last 3 years. That's what stomps me. How can the rent increase but not the property values?[/quote] Increasing rents with stagnant prices is due to tighter lending standards then in the past. Those that have to rent now were able to buy back in the day, this pushed up housing/condo prices. Now they have to rent . [/quote]
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