Rent prices set to crash as well?
I keep hearing from random people that they expect rental prices to increase with the housing market crashing. Assuming that everyone will be renting instead of purchasing. But I just finished reading an article that is a prime example of why that won't happen. It's actually very interesting to see the complete floor fall out from beneath the LL's.
An 1,800 sf house that rented for $1,400 a year ago is now renting for $900.00 a month.
http://www.heraldtribune.com/article/20 ... /707160433
An 1,800 sf house that rented for $1,400 a year ago is now renting for $900.00 a month.
http://www.heraldtribune.com/article/20 ... /707160433