Looking at CL, I am surprised to see how well rents are holding up.
If the local economy drops and unemployment upticks rents should surely drop. During the time housing tripled rents only doubled so not likely to see as dramatic of a decline.
In 2005 we wanted to “upscale” so I convinced my wife there was a bubble and we should rent. But we only did it half right, keeping and renting out our house. We got new tenants last year and rents were up. Many applicants were in the process of foreclosure, but well qualified.
