I am a little suprised that the value of rental property has stayed so flat and that prices for rent have not moved much either. I would seem to me that many will sell their homes, pay off their debts and move into a rental home for a little while, until things settle down a little. Perhaps everyone is bracing for a huge fall, cannot sell their homes if they even tried or they could even be taking advantage of the new interest rates on homes. I just heard about a couple getting 4.7%, now that is like giving money away! I just cannot believe that with that interest rate more people are jumping on top of this. Sure the world will never be the same but we all need homes, food and gas. Yet again, we need jobs to pay those mortgages and get approved for them in the first place.  I just read that the UK may need to go bankrupt like it did in the 1970′s by excessive spending, encouraging people to buy homes they could not afford and let the price of those homes to go up, and then do not put anything in savings for the rainy day government fund. Wow, that sounds like the typical American these days. I still believe its just a correction and not a collapse.