The current downturn is smashing models that predict that home prices and rents can only be inversely correlated: ``In really bad times, people who are evicted from their houses will not rent. Instead, they will move in with friends or family for some time.''


tvsterling at 08:54 2010-04-11 said:
At the risk of getting preachy. Those of you out there who are sitting on real estate counting on getting back 100% on your overpriced property's need to give it up. Now you could take the loss & get out with something. The writing is on the wall; delay & you could very well end up with nothing. Just because the government has pulled out all the stops don't mean it's gonna happen. The government's back is nearly broken. Permalink

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