Do you own rental properties? If you do, take heart for good vacancy rates for the foreseeable future.
People who are renting plan to continue renting. Why? Here are the reasons that I hear:
1. Difficult to get financing
2. Perceived difficulty to get financing, so qualified people don't even try
3. Fear of real estate prices declining further
4. Change of attitude- people don't want the responsibility of home ownership
5. Perception that it is more expensive to own than to rent
Read more about the trend...
What about you? Are you renting and continuing to rent?