Ten Largest Rent Declines Over the Past Twelve Months

As this WSJ graph illustrates, rents continue to decline nationwide.

Just like other previous bubbles,  greed and irrationality were the main components that drove this one too. Investors naively refused to recognize the fact that all real estate markets are cyclical. Rents and home prices kept being increased under the assumption that prices would endlessly be absorbed by tenants and buyers alike. And of course, the end result was a major real estate market crush ; effects of which will continue to  deteriorate the housing market thorough 2009 and possibly 2010 as the flight to less expensive homes in all price levels continues.

Graph: WSJ

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 50% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.