The Critical 'I'

Read. React. Repeat.

Saturday, November 29, 2003

APARTMENT GLUT
We all know about what a great time it is to buy a house, with all those low mortgage rates and abundant housing on the market. The yin to that yang is that apartment owners are feeling the pinch from the resulting vacancies, forcing them to lower rents and/or offer big incentives to keep residents.

I'm one of the lucky beneficiaries. I got two months free rent on my last lease, the first real decrease in annual rent I've experienced. I expect the same deal, if not better, the next go-round, which will likely be my last lease. It's all good, I reckon.