Dropping Rents Will Drag House Prices Down with Them

Submitted by oxfordrick on October 6, 2009 - 8:54pm.

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.

Submitted by Ricechex on October 6, 2009 - 10:07pm.

Don't buy it. There are a lot of foreclosure folks looking to rent.

Submitted by Arraya on October 7, 2009 - 4:58am.

Ricechex wrote:
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...