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 [...]
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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 »
