DTB
Elite Member
- Joined
- Jun 11, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Illinois
There is no such thing as a 12 month lease in this country.They are all monthly for all practical purposes. My 35 years in the real estate rental bidness would disagree, but maybe we're doing it wrong? And yes, the absorption rate is low.Agreed. We have a ton of property on the market.Agreed. But there are a number of properties are lease to own which is a pita for valuing but buyers are buyers even though these programs are only for O/O and effectively eliminate the investor buyer segment of the market and the value of a house is what it is...there are not 2 values for a SFR... The GRM is consistent even if it "converts" from OO to Rented.Of course your (AI proxy) SFR GRM is consistent, it is built on irrelevant data that was gathered to imply consistency.
We agree on some things, disagree on others. Would you at least agree on a market principle (any market) that says the broader market appeal for an item, the more demand can be created for that item?
We will not change each other's views but I do appreciate the discourse. Maybe we will both present ideas that the lurkers can chew on for a while.
