middle to end of 2009. figure, the impacts of the job losses and slow economy now will be felt in the rental market a year from now; the newly unemployed will hang on, try to find a new job, take a pay cut, whatever and float for 3 to 6 months. after that, more foreclosures and increased vacancies. land lords will hold out on their asking rent for at least that long if not a full year. as rentals go down, the rent vs own equation changes driving sales volume and price down even further.
