The differnce is you are talking in the hypothetical world full of assumptions and I am talking in the real world. I dont know where they are working just that they keep on turning up to look at my listings. I have listings in the 800K to 1M range that have been shown an average of more than 1 time/day. I speak with their agents all the time and thats what they are, young professional families moving into the area. $75K is not a high paying job most make at least double that. Some work for major companies, some work for mid size companies, some work for start ups, some work from home, hell some dont work at all and just surf all day. All I know is they just keep coming. I know many are leaving too but as the market disintegrates many who would have bought would prefer to rent. I have a list of 6 families desperately seeking a nice SFR to rent in a nice neighborhood with good schools. If I have that many, so do other productive agents. In my immediate neighborhood, there are 6 rentals. Three owned by investors that bought in the late 90’s with 30 year fixed mortgages that wont sell anytime soon. Two people that moved up and kept the house as an investment. The last moved out of the country and is holding onto the house so they can come back someday. All have owned for more than 6 years and based upon the size of their loans, their taxes and insurance and market rents all are cash flow positive about $500/month. They typically rent within 1 week when they come on the market and I could personally rent all 6 out today.