Quote:
Originally Posted by gottabekd
I've heard rumblings (maybe a few pages back in this thread) that there are more and more vacant rental homes. So, maybe that will drives down the prices a bit. Still, I would think $1400 would be on the lower end of the scale. Anything cheaper, and you might not want to live there.
|
Agreed. The argument could be made, however, that if mortgage lending tightens, less people will be able to purchase a home, leaving more people in the rental market, which may actually drive rent higher in the long term....but you're right, in the short term, landlords would be forced to lower rent due to the influx of rental units.
I'm not sure what the answer is......
