Search the archives…Some say it will go up-foreclosures & vacancies = more renters, rent/housing price disparity narrows from both sides. Others say it will go down-tanking housing market puts more rentals on the market & recession gives people less money to pay rent with.
There’s no real consensus on how it will pan out.
My personal view is up, but I’m moving more and more toward the down side given the economic mess we are in-Bear Stearns has me jittery and Ben’s quiver is looking more and more devoid of arrows.
