On: The majority of 18- to 29-year-olds in the US are now living with their parents

[swiley]

In general rent doesn't appear to be dropping. Most landlords have mortgages and many would default if they lowered rent.

[BlueTemplar → swiley]

Wouldn't they also default if they cannot find anyone willing to rent at those prices ?

[claudeganon → BlueTemplar]

I think the strategy is to play chicken until they either go bust or get bought out by a giant corporate real estate firm.