Rental Listing Firms Fail

Business 2.0 Blog: Craigslists, the biggest online business still pretending not to be a real business, knocked another company out, a San Francisco area apartment listing service. The San Francisco Chronicle notes that:
RentTech, which bought Berkeley’s Rental Solutions about five years ago, closed earlier this fall. Two other rental services — San Jose’s Home Renters Guide and Berkeley Connection — were purchased and folded into San Francisco’s MetroRent in 1999 and 2000.
There’s one other way to look at this. Part of the reason for the collapse is that the residential rentals are getting cheaper and cheaper. Which suggests that housing prices here are really getting out of control. Read more about the relationship of rents to housing prices here.
Rental Listing Firms Fail [Business 2.0 Blog]