Given the current foreclosures in the US housing market and the state of the US economy, more and more people are looking toward renting as an alternative to owning a home. it would be interesting to see if rent prices in the US will go down, which is something that I've never really seen happen before.
Logically speaking, with falling housing prices, it becomes cheaper to buy a house and if one was a landowner, then it would be possible to rent a home for less money to encourage people to move in. Given this line of thinking, I would think that rent prices in the future to go down, which would be a good thing for most renters out there, though I would expect that it would require a move out of your current residence or a negotiation with your current land lord to get a reduction in rent prices.
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