The housing crash and the recession have made this a renter's market. The cost of apartments and homes for rent can only decline. Just look at the number of "for lease" signs in every L.A. neighborhood.You'll want to read this one.
This is deflation in action: falling prices that are, in effect, a transfer of wealth from landlords, goods producers and retailers to consumers.
If you're employed, price deflation can be a boon, of course. What's not to like about spending less?
Saturday, September 05, 2009
Despite signs of recovery, some see deflation looming
The L.A. Times reports: