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[–] 2 points 6 hours ago (6 children)

There will be fewer people renting, by necessity, but the people who want or need to rent will not change by as much, creating an imbalance between supply and demand that will drive up rental prices.

Why would demand not change by as much as supply, if both a buyer and a seller have been removed from the rental market? It's like landlords being forced to sell to tenants at a reduced price.

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  • [–] 1 point 6 hours ago (5 children)

    Because having your rental unit taken away from you does not remove you from the rental market. You might consider leaving the rental market and buying property if housing prices collapse, but outside of that most people are going to have to look around for a new rental unit in a now tighter market.

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  • [–] 2 points 6 hours ago (4 children)

    It does remove another renter, though. The market would only be tighter if they reduced supply by more than demand.

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  • [–] 1 point 6 hours ago (3 children)

    How does being evicted remove a renter from the rental market?

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  • [–] 2 points 5 hours ago (2 children)

    The new homeowner is the renter removed from the market, not the previous renter.

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