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don

  1. How much worse will it (the real estate foreclosure crisis) get? Plenty

    by
    don
    , 11-01-10 at 10:41 AM
    Quote Originally Posted by don View Post
    As we all know, rents are set by the market, the ability of renters to pay, unlike various housing schemes (frauds). What I think we will be seeing, and are seeing, is a change in what a rental is. Smaller. Multiple tenants in a single unit. (When I first lived in SF it was not unusual to rent a nice flat, in a desirable location, and rent out the spare bedroom to make the nut. My wife and I did this. It wasn't unexpected.) More cash-under-the-table rentals for small proprietors. Etc.
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