The Bailout: Part 2

barrons
Wed, 12 Sep 2007 16:23:42 +0000

No, it is converted to rent, but lower home prices mean lower rents over time. Right now in the weaker home markets you can rent a house for half what it would have cost a year ago. Apts have to compete with vacant condos whose owners will take 50% on the dollar just to hold on.

PS. the fight over how to estimate housing costs in CPI has been going on for decades.