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This is a pretty crazy macroeconomic view to take, that you've known some stubborn landlords therefore rents across a city will never come down. Look at the nu
by dcosson 10y ago
This is a pretty crazy macroeconomic view to take, that you've known some stubborn landlords therefore rents across a city will never come down.
Look at the numbers of how many jobs have been created vs housing units created in a place like SF over the past decade. It's not some mystical force driving up rents, if you build enough housing it will become more affordable. There's no evidence that housing operates outside the principles of supply and demand, despite what some Nimby politicians will try to tell you.
- jandrese 10y agoI guess you're expecting the renters to survey the market every year and aggressively negotiate down their rents if the supply grows too large?
- refurb 10y agoWhen the choice is between getting $0 in rent a month and getting 10% less than last month, most will take the later option. Occupancy is a make-or-break issue in real estate. Dropping your rent by 7% is better than having a single month of non-occupancy.