Will "The Greatest Depression" Affect Rentals?

[Michael Rossi]

In this video, acclaimed trends researcher Gerald Celente discusses why he believes that "The Greatest Depression" will begin in 2010. This is going to affect the rental business, the only question is HOW?

[Michael Shadow]

I think we're going to start seeing a lot of doubling up, people moving in with each other to save on costs. Because of this I think that the demand for 1 bedroom apts will drop and 2 and 3's will start to rise. I also think that it will be pushing people from their top end condos and they will be moving into more affordable apartments. In essence I think that some of it is good for landlords because you will be getting a higher quality tenant in a lower apartment.

Because of the doubling up vacancies will go up which is the scariest part of it. However if you can manage your properties right and keep them filled it'll be a great time to start scooping up properties from people that don't manager their properties as well at deep discount prices. Then when we get out of this mess you will be positioned to ride the inflation wave when it comes.