rents continue to sag

Interesting article, Ubottom. Here's the link:

http://online.wsj.com/article/SB125479559237566623.html

this is a crazy question but, with all those vacancies...are we over built for the population or is everyone still sleeping in the car or at their mother's house?

depends on the price. very interesting issue that goes to the many discussions of why some landlords would choose vacancy over price concessions.

OK CC, since it has been bought-up again, would anyone care to explain if there are any deductions that a landlord can claim for a vacancy tax-wise? I'm just trying to grasp an explanation on why some landlords are so entrenched in their way overmarket rents.

wow, I knew NYC was in the dumps, but I didn't know national was this bad...

btw, you don't claim vacancy as a deduction, you just claim the actual costs as your deduction. "missed opportunity to make money" isn't deductible.

"Build it and they won't come".

they have to hold out as long as possible becuase once the low prints hit the tape, its all over. its inevitable at this point and people will be forced to break ranks