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2015-02-03 17:07:29
Orange County Rents are at Record Highs

 


Local rent prices hit a record high

 

 

Orange County apartment landlords were asking an average of $1,781 a month for vacant units in large apartment complexes in the fourth quarter, up $81 from a year ago to an all-time high, according to RealFacts. Condo's and SFR have gone up even higher!


Orange County is the nation’s seventh priciest rental market!

Tenants are trying to figure out ways to cope with rent hikes.

In October, Mrs.Suarez got a letter saying rent for her two-bedroom apartment in Fullerton would go up to $1,500 a month in February, an increase of $300 a month from what she’s paying now.

I can't afford it,” said Suarez, 65 “If I can’t, I got to move somewhere else.”

RealFacts records show rents have jumped in Orange County for four years. The hikes followed the recession, which pushed many people out of purchased homes and boosted the ranks of renter households.

The biggest increase last quarter was for three-bedroom townhomes, which were up $108 per month, to $2,736 a month, RealFacts figures show. That’s a gain of 4.1 percent from a year earlier.

The biggest increase on a percentage basis was for two-bedroom, one-bath apartments, which jumped 5.4 percent to $1,628 a month.

Newport Beach ($2,271 for apartments of all types) and Irvine ($2,085) continue to have Orange County’s highest asking rents of the 23 cities tracked in the RealFacts’ report.

Many renters have to make the increases up by cutting back on vacations and eating out. Still it's hard. 

 I have heard that so many times...

If renters only knew just how easy it might be to own their own home, many current renters would have earned tens of thousands in equity instead of paying off their landlords property!

Face it, you are paying for a home, it's just not yours!

 

Something to think about: If owning a home isn't a good thing, why do you have a landlord? 

It's said timing is everything... now is the time to find out if you can own your own home

 

To find out what you qualify for and the various buyer assistance programs

call: 949-702-5626 or go to WWW.FIRSTTIMEHOMEBUYEREBOOK.COM

 

 
Blog Archive
2015-02-11 18:52:09
Upgrades That Add Value to Your Investment Condo

2015-02-10 16:20:45
Moving up | Sell 1st or Buy 1st.?

2015-02-03 17:07:29
Orange County Rents are at Record Highs

2015-01-20 14:59:28
American Dream

2015-01-09 16:40:32
Housing market in 2015

2015-01-07 13:13:30
A Look at 2015 & 2016 for Real Estate Investors

2014-12-19 15:24:49
Mortgage Rates Hit New Low

2014-02-20 12:53:18
Landlords & Property Investments

2014-01-24 12:54:38
Housing Market Still Strong

2014-01-07 16:48:02
2014 Housing Projection


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