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Updated over 6 years ago, 05/10/2018
What is the lowest rents could go? How to prevent foreclosure?
What is the lowest rents could go? How to prevent foreclosure?
I want to know how low rents could go if we were to fall into another recession. I am mainly concerned with the Houston market. Let's say that I can find tenants to rent my place at $750 per room. What is the lowest that rents could go? Will they only go up or can rents go down as easily as the value of homes during a recession? I don't want to have my property foreclosed on during a recession due to low rent checks coming in or vacancies.