I think your analysis is pretty sound. Right now I am renting and our landlord just informed us that he is selling the home we are renting from him later this summer. So I just started looking around at other rentals similar to the one we are in and there are a few out there at our same rent. It is pretty much a supply and demand issue. I don’t believe there are thousands of people selling homes to then become tenants. So this is not gonna push the rental market. Really the only thing I can see that would push the rental market would be something that affects all landlords such as a substantial rise in property taxes or something like that. To sum it up I agree with you 100%.
