
Forget about buying, selling, inspections, mortgages. Here's what everybody wants these days: a sunny two-bedroom, apartment rental. When our very own Katie Mancine, who's leaving on her Wanderful trip cross-country in two weeks, put an ad in Craigslist, she got 94 responses and, after the first open house, 23 serious would-be renters.
Note to beige addicts with houses on the market: the overwhelming response has a lot to do with Katie and Mark's daring color choices. Apparently, nobody can resist a bright-orange living room.
When we moved into our apartment, it was empty for three months beforehand, I don't think our landlord could find anyone who wanted the plain white walls, ugly brown carpet and dirty unmopped tile floor. But post THIS link to some Flickr photos from our lives in the apartment, and we had more responses than we ever imagined. Each person who came to view the apartment wanted to know, "How will you pick?" And then it dawned on me: I would just take all the names and hold a lottery drawing to find our replacement. I gave the three minute apartment tour, let the people walk around, ask questions, look through all our drawers, closets, and even test out how strong the flush is on our toilet. Then I'd tell them "If this apartment is in your top three, sign this email list. We'll email you on Sunday, and ask if it's your number one choice (thus giving them a week to find others to compare it to), if it is, you'll be entered to win A YEAR LEASE IN AN ORANGE, PINK AND GREEN-ROOMED APARTMENT!"Read the rest of the story, including a rundown of all the cute applicants, here.



The other factor could be the absurdly below market rental rate! For something so close to the train station especially.
I rent out some units in the same hood and find I can't leave a Craigslist posting up for more than a few hours unless I want 100 emails in my box.
At least the rental market is still strong.