4 ms·
There's no "trickle-down" effect. It's a trickle-up effect in terms of (1) rents necessarily raising in reaction to the dwindling supply and (2) the ensuing sp
by drugme 8y ago
There's no "trickle-down" effect. It's a trickle-up effect in terms of (1) rents necessarily raising in reaction to the dwindling supply and (2) the ensuing speculation bubble in "hot" neighborhoods.
Both of which royally screw over long-term tenants living on flat incomes -- i.e. "the middle class".
- sjjshzvuiajhz 8y agoWhat do you mean by dwindling supply, we are talking about investors buying properties and renting them out. That doesn’t decrease supply in the rental market.
- drugme 8y agoThe thing is - quite often they aren't renting them out; but simply holding them as "assets". Or when they do rent them out - they tend to raise the rent. Which is why the supply of affordable apartments tends to "dwindle".