What happened to home sales vs. home rentals in the 1970's?

**watts52** · 06-10-2009, 06:02 AM

In the 1970's, we had an economic period that is very similar to what we're seeing today, particularly with respect to the rising inflation and interest rates that many economists are predicting. The question is, what will this mean for real estate sales vs. real estate rentals?

In other words, if we do in fact see higher inflation and interest rates, is it safe to assume that real estate sales and average prices will continue to fall?

And, on the rental side, will high mortgage rates and inflation cause monthly rental prices to increase? What will happen to demand for rentals? What happened to these numbers during the 1970's?

**bearruncabins** · 11-11-2009, 11:34 PM

I'm not so sure about that. It's always nicer to own your house, rather than to rent. Rentals are handy during the vacation period.

______________
Bear Run Cabins

**Dacelle Pano** · 02-10-2011, 10:41 PM

I think during 1970's home sales are more profitable than home renting. Because in developing countries, more people wanted to invest in owning a house than renting on it.

**jasminkennedy** · 08-24-2011, 02:37 AM

During this time it is not that hard to own a home because the economy is still in good shape, more people now a days thinks that renting a house is a good way to save more than buying one which is so wrong.