Quote:
Originally posted by AdanSmith
If you live in a city and your rent is 1000 an the vacancy rate is 3% you have no choice but to accept. But if you live in a city with a constant 20% housing vacancy rate you can move virtually anywhere as my #2 answer above states.
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That's a mighty big if. And it's ignoring the hassle of moving. You don't think some people would trade that for an extra, say, eighty bucks a month?
(Hint: they will. I know, 'cause we own a number of houses, and as costs go up, so must the rent. And guess what? People pay it!)