In a previous post titled Hardwork, Intelligence and Profits I spoke about being a homeowner during the rapid decrease of home values in 2008.
When the market was near it's top I reasoned that the best reason to sell was the "Law of Rents". I created this Law, so allow me to explain. The Law of Rents states that there can only be a delta of ~15% between mortgage payments and rents in any area (ignoring downpayments). Any imbalance will result in shifting rental/housing markets to readjust.
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