Exactly where do you think these people will come up with the 4G's per month you think it will take to rent a place ?
If they cant do it for ownership and having their credit on the line, then how the hell or why the hell would they do it for rent ? Theyve overbuilt to the max…they might "try" to jack the rents up to that, but it'll just sit empty…till the bank gets the property back, then THEY will rent it out for WHATEVER somebody will pay for it…bankers are greedy sluts that way, especially if it concerns their very survival
4,000 dollar rents for crackerbox SFH's ?…Never happen…I expect some big banks to go down here shortly (by summer 08) no matter WHAT the fed does. they gave up their ability to contain this disaster 3 years ago….now its out of control and market cycles will take over…. the "Pain Train" is now rollling out of the station
