What happens to rents in market crash/correction ?

[Matt Lopez]

Hey guys, I can see a lot of mixed feelings on a possible housing crash/correction. I bought a cash flowing duplex last year for 220k its now valued at 325k and ive had 2 cash offers for 350 because potential rents of each unit combined exceed the 1% rule ($3,600 a mo). My question is what do you think rents will do if the market corrects/crashes?

[Nathan Gesner]

Quote from @Matt Lopez:

Hey guys, I can see a lot of mixed feelings on a possible housing crash/correction. I bought a cash flowing duplex last year for 220k its now valued at 325k and ive had 2 cash offers for 350 because potential rents of each unit combined exceed the 1% rule ($3,600 a mo). My question is what do you think rents will do if the market corrects/crashes?

I know of no time in history where rents crashed. If anything, the last two years have made it more difficult for home buyers and more people are looking for rentals.

We may see a slight adjustment down, but I wouldn't anticipate a crash.