J Miller says rent discounts way down...

Most interesting part is that inflation adjusted median prices are 25% lower than in 2000. I wouldn't have expected that.

didnt he buy a bunch of rental properties with investors? Hmmm

"Most interesting part is that inflation adjusted median prices are 25% lower than in 2000. I wouldn't have expected that."

Not really, if you look at his price/rent stuff. Clearly prices have gone up while rents have gone down, both inflation-adjusted.

I mean while living in NYC, it wasn't obvious that rental prices have gone down.

If discounts are down, and rents are still falling, doesn't that just mean that asking rents are down even more than discounts?

Sounds like even more of a renter's market to me.

If discounts are down and rents are falling that would suggest asking prices are not expected to recover.

Yeah, just sounds like capitulation. Rents still falling, and asking prices just getting closer to reality.