So in a recession many people who rent will move back in with their folks and reduce the demand for rentals. How about all the people who will sell up their homes and instead rent? That should balance things a bit I think.
Sorry about my lack of info from the last two recessions - I really don't remember what happened at which time in the cycles. All I know is that when we first bought our PPORs, the repayments were crippling for a few years, then all of a sudden they seemed much more affordable and our friends who were renting began paying more than we were.
Sorry about my lack of info from the last two recessions - I really don't remember what happened at which time in the cycles. All I know is that when we first bought our PPORs, the repayments were crippling for a few years, then all of a sudden they seemed much more affordable and our friends who were renting began paying more than we were.