“I’m sorry for the kids who will be forced to leave their homes, other than that, I’m not sorry at all.”
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Marion, don’t let anyone fool you with that line of “they’ll be homeless.” The parents will find tons of other places to rent that are just as good, and for half the cost.
In fact, this housing bust forcing people to rent again will end up saving their skins. They could never afford to pay 80% of gross to live above their means. The crazy lenders just loaned them so much money they “thought” they were rich. Going back to renting at a cost they can actually afford will relieve a lot of stress in their future.
