[quote=sdsurfer]I’m really curious. My logic is that if prices were to fall then rents will go up because more people will choose to rent while they attempt to time the bottom of the market. What does everyone else think? Thanks![/quote]
I don’t know, you are focusing on just one supply/demand factor among many. For instance, if the price decline is driven by a recession, that would also negatively impact rental demand and pricing power.
Rents were somewhat strong during the GFC because so many people were booted from their homes they had owned. But that was a pretty severe situation, with mass foreclosures… barring that, I don’t think you can reliably predict rents going up in a housing downturn. Just my .02.
