Bending the Third Rail
Because We Should, We Can, We Do
Thursday, July 20, 2006
For Rent
This story is starting to make the rounds in many media outlets all over the country:
The Sonoma County rental market, which has favored tenants for the past three years, is tilting back into balance where landlords and renters are on equal footing.

"We had a long, flat period and you're looking at the tail end right now," Latham said. "It's been a long time since anyone who owns an apartment complex could confidently predict a rental increase."

Tenants could see rent hikes next year if vacancies remain about 5 percent, a key barometer used by real estate investors to identify a profitable market.
Just a refresher. The governments reported inflation numbers include rental costs, not housing costs. For the last several years, housing as a cost of living has been very flat due to the housing bubble and it's impact on depressing rents. Well now you'll be seeing the opposite. Housing prices are flat to falling and rents are starting to rise. That means that housing costs will now start to play a part in inflation.
Written at 9:14 AM by Greyhair.
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