The Proletariat Network  -

20 Jul '08 - 76 W - + 0 - 0 Renting market

So it seems that the renting market ironically works like this:

1. Premise: Economy is crappy
2. -> real estate prices going down for foreseeable future
3. -> more people waiting to buy houses
4. -> fewer people buying houses right now
5. -> more people renting right now
6. -> renting prices are higher now.

There's some serious issues with that train of logic methinks - not its validity but rather its mere existence.

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Take it farther!
7. People forced to rent farther out from urban centers/jobs/schools
8. People spend more money on gasoline in a skyrocketing fuel market

Durf () (URL) - 25 July '08 - 01:46

Hrmm, let’s see…

9. People suffering from high gas prices support short-sighted policies of drilling domestic oil reserves rather than long-term research into alternatives.
10. Gas crisis gets even worse, taking our environment, economy, and foreign policy down with it.

Aaron () (URL) - 03 August '08 - 14:11

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