A global recession will affect every locality. The “credit crunch” that started in July was just a reversion to normal lending standards. When banks don’t want to lend, it is worse.
Typical recessions do the following:
For our tenants/applicant pool:
They lose their jobs
They move back in w/ parents, or join up and share rent
Vacancies increase as demand [...]
Archive for January, 2008
How will the recession affect the rental market?
Posted in foreclosures, landlord, rentals, small business, tenant, tagged foreclosures, jobs, recession, rental rates, vacancy rates on January 22, 2008 | Leave a Comment »
