Quote:
Originally Posted by Robbb
Of the rental market that is. I'm staying in Richmond on a small block, in that block 4 of the 12 homes are rentals, 2 of which are rented. Today on one of the rental sites there are 49 homes for rent in March. With new rentals coming on the market every day, Ya gotta wonder if home rentals in the Villages are the soon to be crash that everyone is fearing.
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For fun let's project your statistics to all of TV and see if the old R square correlation exists. 4 of 12 homes are rentals = 33%. 2 of those 4 are not rented = 50% of rentals are available. TV has approximately 80000 homes. 80000 x 33% = 26400 rental homes of which 50% should be not rented, If there is correlation to the Richmond experience then 13200 Villages homes should be available for rent March 2023. Considering you found 49 homes for rent in all of The Villages homes for March it would probably be safe to conclude there is no correlation between Richmond and all of TV.
This data would seem to suggest rentals in March 2023 are in high demand and the Richmound data is not a valid sample size to draw a statistically confident conclusion from and appears to be an anomaly that is worthy of more exploration.