Are you having hard time in finding a rental? Who is moving to town?

I am receiving unprecedented requests for rentals in the past few month. Young profs, new grads, reloc's, you name it, they are here. All are not ready to buy.... but when will you know it's the optimal time to buy?
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May 30 2011 - Palo Alto
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Profile picture for Pasadenan
When will I "know"?  When the foreclosure saturation level is less than 3% of the market, and when the listing prices are less than 4% annual inflation from the 1997 sold prices of the same or equivalent, and when my personal obligations allow me the time and freedom to move.

(But the way, the U.S. Bureau of Labor and Statistics states the consumer inflation rate has only been 2.44% annual over the past decade or so, so even calculated at 4% annual inflation still probably means that housing prices have to drop more).

By the way, I "own", so no need to find a Rental, even though there are thousands available.
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June 07 2011
This is a round about way to SPAM the board, LOL!
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May 30 2011
 
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