[quote=FormerSanDiegan][quote=peterb]As sticky as rents can be, if this economy continues to contract at its present rate, there will be increased vacancies and downward pressure on rents. [/quote]
If the economy continues to contract at its present rate, our GDP will go to zero by 2025.
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Actually, if you keep compounding it you’ll find that it never reaches zero. Just a mathematical observation.
Which reminds me of a friend of mine who got divorced for the third time several years back. Each time, he lost half of his substantial net worth. “The upside,” he told me, “is that if I keep dividing by two, I still won’t get to zero.”
