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This of course assumes the rent for older places goes down, but it seems like rents are kept artificially high (well the last person paid X) and almost never go
by cbanek 10y ago
This of course assumes the rent for older places goes down, but it seems like rents are kept artificially high (well the last person paid X) and almost never go down for a region.
Over time I agree, that economics will take over, as long as there aren't even more people wanting to move in, but that doesn't seem likely.
- user5994461 10y agoWell, I know secondary cities where the price are going down. Over time, the new constructions pushed down the prices of the older ones. In SF/NY. There is so much immigration and lack of housing that prices won't go down any time soon, but the rise would at least be slowed down by new taller buildings.