peterb, historically what is the correlation with each percentage increase in unemployment and those that move out of SD? i would imagine there are some people who a. get a roommate b. move in with local parents c. ride it out if they have savings, but i’m sure a high percentage take a job elsewhere if they can get it or relocate because they cannot afford rent + bills on unemployment.
i think if unemployment picks up steam here in SD, the psychology of not wanting to be tied down to a mortgage will kick in as well EVEN if you can be cash flow positive or break even on buy vs rent. just because you have a job now doesn’t mean you will tomorrow.
