Not surprising, rentals are way up, especially among people who lost their homes in the economic collapse or who currently hope to amass a down payment for a purchase. Now enter all those fortunate folks who haven't lost their homes. Maybe they're rich. Maybe their parents helped with a big initial down payment. Maybe they live somewhere less expensive, where home ownership is more feasible. There's a host of reasons why the last few years have not adversely affected them. And good for them. But they see the less fortunate struggling to pay rent, and they have a swell idea. A question to inspire: "Hey, have you considered buying?" And that's usually followed up with a statement. "Prices are way down; it's a great time to buy!"
Also, priceless Faberge eggs are now just really expensive.
Thanks. That never occurred to us. Probably because we all really get off sexually by throwing our money out the window every month for bare shelter while amassing no equity. We're short on cash, not brain cells. It doesn't matter how much prices fall; buying a home requires a down payment (now even more than before, given the last crisis). Yes, there are deals in a recession, but those are the deals that can be taken advantage of by people with cash. Given that we're in a recession, no one should assume that the person they're talking to is one of those people.