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What Happens to Rents?

Started by nyc10022
almost 18 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
Ok, downward price pressure on sales, we get that. But how much do RENTS decline? I've heard that market troubles lead more people to rent, raising pressure there. Then today's news says "there will be far fewer renters now" in all the Lehman articles and says they will go down. So what really happens in these scenarios? I honestly can't remember what happened in the 80s. Are we looking at major rent declines (beyond the declines we've already seen)? And how much so? What happens when the buyers head for the exits?
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