Lending Club Blog

Taking Advantage of the Crisis

Renting and Buying Property

Everyone knows that all clouds have a silver lining – the thundering rainstorms last night in Rio De Janiero, where I’m living, made the streets extremely clean this morning :-) So how about the financial crisis? Does something this harsh, this horrible, and this painful also have its own silver lining? Definitely.

I’ve written earlier about how some expenses are suddenly cheap, such as travel or starting your own business. How else can you take advantage of this crisis? For one thing, now might be the time to buy a house or rent an apartment. Why? Because prices have gone way down. Prices in San Francisco, for example, have decreased over 4% from their peak in 2008, according to an article from sfgate.com. Currently at an average of $1,556/month, rents have decreased as occupancy rates have fallen. Economists at IHS Global Insight predict that housing prices might even reach 50% of their top prices, according to the Orange County Register.

So what can you do to take advantage of this? Follow these steps:

  1. Figure out what you are paying for your rent.
  2. Look up similar rental rates in your area. Check Zillow.com to look at real estate prices near you.
  3. Are you overpaying? If so, talk to your landlord and try to negotiate a lower price. If not, consider moving out at the end of your lease. You might be able to find a better place for a cheaper price.

Would you consider moving to a new home or apartment if prices were cheaper? Are you overpaying?

Tuesday, May 12th, 2009 at 6:43 am

Comments (0)


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 2016

What is Lending Club?

More than one million Americans have achieved their financial… Read More »
February 16, 2016

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Success: Surpassing $16 Billion in Loans

Founded in 2007, Lending Club’s… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

Critical Small Business Financing Issues

A recent Harris Poll survey conducted on behalf of… Read More »
December 17, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w