“It’s going to suck mightily too. At the same time that housing sales completely tank the home rental market costs will sky rocket.”
So with the prices in a free fall and the rents sky high, I’m assuming you’ll take advantage of such a great opportunity, and start buying houses and rent them out, right? And many others will do the same, right.
What will that do to the price of houses?
There’s also another counter argument to this housing gloom and doom. If you’re a renter paying sky high rent and watching it go up every year while housing prices tank, might you consider buying one of those bargain houses?