In one of Rich Toscano’s posts he had a graph of median rental prices from the late 1980’s to the present. It looks like during the last realestate down cycle from about 1991 to 1996 that rental prices decreased by about 5% to 10%. But I dont know all the factors behind those numbers and how well they correlate to our present conditions…new homes built,net migration out of the county, recession, job loss, credit constriction, etc…..
