All Forum Posts by: Leo R.

Thanks for the feedback!

@William Hochstedler --yes, definitely a few moving pieces in this puzzle. This is entirely anecdotal, but even with the low interest rates, it seems significantly harder (almost impossible) to find a single family property that will cashflow compared to 3-5 years ago. I remember analyzing some properties in 2015-16 that were mostly around $300-325k, and which would have cash flowed easily, but now those same properties are 500-550k and would probably run at a monthly loss (even with a nice low interest rate).  It will be interesting to see when (if ever) we get to a tipping point where SLC rents dramatically increase, and which factors drive that change... 
  
@Garrett Christensen  --you mentioned that rent prices may have gone up in the last few months.  Is there an article/report or data on this?  If so, I'd be really interested in that. Thanks!

Hi all, I have a couple questions about property values vs. rent prices in and around Salt Lake City:

As we all know, property values in the area have gone way up over the past 5 or so years (particularly for single family homes in Salt Lake City).

However, rent for typical single family homes in and around SLC seems fairly steady (I moved to SLC in 2015, and I haven't noticed much change in rent since then).  

So, I'm wondering if folks have any thoughts about why rents have not increased much in the last 5 or so years (given the large increases in property values)? 

Also, what do you think will happen with rent prices over the next few years--is there any evidence that rent is likely to increase significantly? (or any evidence that rent is likely to remain steady?)

Thanks in advance for your thoughts!