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> Rents go up when people can afford higher rents Or is it that rents go up when people can't afford to buy homes due to higher interest rates and down-payment
by justboxing 8y ago
> Rents go up when people can afford higher rents
Or is it that rents go up when people can't afford to buy homes due to higher interest rates and down-payment requirements, which ends up putting a lot more people in the renters market, thereby raising rents in a supply-demand price war?
Asking, not stating.
- laythea 8y agoIn my opinion, you are right. Supply-demand is a universal driver. Ie. An aging youth that cannot afford homes. A whole generation, introduced to the renting market.