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Rent is going up also. Demand will have little
effect.Landlords will charge what the market
will bear. If they raise rents too high, they
will have trouble renting and rents come down.
If jerks lose their homes because they have
defaulted on multiple home equity loans and credit
cards, too bad. You spent the money on that BMW,
Lexus, Mercedes, hot tub, and foreign travel.
I live like an animal. I have no sympathy for you.
Move to the deep south. Plenty of open space there
dirt cheap. Go work in a chicken factory.