Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Broken_Clock who wrote (91142)	12/3/2008 7:15:52 PM
From: stockfiend	Read Replies (1) of 116555

Fair points. Consider though that rental demand in areas hit hard by foreclosures has increased significantly and rents have risen or at least firmed. Most of this marginal rental demand is probably from people whose credit is now shot due to foreclosure so they wont be buying anytime soon. However for investors these houses are now cash-flow positive at these prices and rates.

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