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Real Estate
Reply to "Bubble pop in rentals too?"
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[quote=Anonymous][quote=Anonymous]Can you have a bubble in both the rental market and the housing market? I thought they were usually the inverse of one another. People have to live somewhere, don't they? Assuming they all aren't in shelters or their parents' basements. [/quote] Yes, you can. It's not instant that one flips on and the other flips off. Renters have been slowly leaving the market as interest rates made it attractive to buy. And so THOSE renters are gone, there will be new renters to replace them because the area is so transient, but people aren't idiots. They aren't going to pay more than what the market can bear and there are a ton of rentals coming on the market. The housing situation is slowing down because most buyers either bought or gave up and there's been less on the market that's desirable. Everything now is pretty picked over. Eventually if one stays in a slump the other will rebound a bit, but right now it does seem that both markets are stalled.[/quote]
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