05-04-2008, 12:30 AM
<!--QuoteBegin-Mudy+May 4 2008, 04:15 AM-->QUOTE(Mudy @ May 4 2008, 04:15 AM)<!--QuoteEBegin-->ashyam,
Increase in rent is due to demand, lot of people just walk away from their house and now renting place. Lot of H1B visa crowd is back.
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I don't see that increase in occupancy. If you drive through apartment complexes you will see a lot of vacancy boards. H1Bs are already in after October. There weren't many foreclosures in bay area. I heard from friends who were looking for homes that people are over bidding for homes in this area.
Increase in rent is due to demand, lot of people just walk away from their house and now renting place. Lot of H1B visa crowd is back.
[right][snapback]81218[/snapback][/right]
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I don't see that increase in occupancy. If you drive through apartment complexes you will see a lot of vacancy boards. H1Bs are already in after October. There weren't many foreclosures in bay area. I heard from friends who were looking for homes that people are over bidding for homes in this area.