The long-time boom in real estate across the country has caused some disloations in the market place today. One of those is that apartment rents are rising while home values are going down. Even people living in supposedly desirable areas are seeing values decrease and are having a tough time selling their homes. It’s happening because of several different factors that are all coming to a head now. First of all, when the boom hit, people who would normally be renters decided to buy. Also, developers started buying up apartment complexes and turning them into condominiums so the apartment industry stopped building apartments. At the same time, people stopped buying up houses with equal frequency. It has all came together at one time and now landlords are calling the shots. Clark is a landlord and he will probably be able to raise rents. Renters will also have an opportunity. Owners of condominiums in particular cannot sell their homes, so they’re willing to offer lower rents, especially if he or she is an “involuntary landlord.” That is someone who had to leave and doesn’t really want to be a landlord. You won’t get great service or response, but you’ll get a great deal. If you’re trying to rent out your condo, you want to list it as “apartment for rent,” as opposed to “condo for rent.” People think they can take advantage of condo owners.