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 2021: The Year In Review, And A Wee Light In The Tunnel
Capcomp 358 posts, incept 2009-09-10
2021-12-27 08:34:27

@Blanca - Our youngest son moved out to an apartment last December. We went with him to the leasing office to see how they set the rent.

They have a printout for the month and your rent depends on what day of the month you move in and how long the lease is.

For moving in the first 1/2 of December the cheapest monthly rent was for a 10 month lease. I attribute that to a unit available in October is easier to rent than one coming up in December.

When renewed the rent changed minimally as he had been paying on time. A fair number of units were behind in rent due to the rent moratorium.

In Northern VA the inventory of single family homes for sale is still tight. In August the house across the street was sold to a remodeler as a fixer upper for $500K. The remodeler is still working it and likely will list it for $800K. The houses in this neighborhood are from the early 1970s and so far selling in the $700K range. Currently none are for sale.
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