It will grow also because now you will have tenants who have developed the mentality and habit of simply not paying for the roof over their heads. My sister works in real estate. She says when you look at the foreclosure rolls they are as high or higher than ever. BUT, people are remaining in the houses for extremely long periods of time with out paying a cent. Her theort is that is how they are paying for the $4 a gallon gas and how you are still seeing stores and restaurants full.
Tell her to hush up! If 0bama hears about this, we will wind up with an 0bamacare program for real estate. :(