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San Diego Housing Bubble News and Analysis |
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Dropping Rents Will Drag House Prices Down with Them
User Forum Topic
Submitted by Sandiagon on October 6, 2009 - 1:52pm
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Basically yes.
Housing will bottom out in 2037 when the New Federalist party increases depreciation deductions for landlords.
The real estate disease will be cured, and house prices will increase forward with a 95% correlation to local income.
Don't buy it. There are a lot of foreclosure folks looking to rent.
Or moving to storm drains.
http://www.thesun.co.uk/sol/homepage/fea...