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Are they going up substantially more than inflation over the same time period? Housing stock tends to shrink with population since in a renters market there's
by dsfyu404ed 7y ago
Are they going up substantially more than inflation over the same time period?
Housing stock tends to shrink with population since in a renters market there's less incentive for landlords to keep properties in rent-able condition. For example, an apartment remodel that might have been sub'd out for $10k and done in a month instead takes $5k and is done over the course of a year. When some % of all landlords start doing this to some % of properties it takes a chunk out of available supply and rents stay the same-ish.
- deleted 7y ago[deleted]
- momokoko 7y ago> Are they going up substantially more than inflation over the same time period? Yes, considerably more.