Its not the dip yet. Also these are rents, so you wouldn't be buying the property yet, wait till courts are even open for foreclosures and evictions as the mora

Its not the dip yet. Also these are rents, so you wouldn't be buying the property yet, wait till courts are even open for foreclosures and evictions as the moratoriums are still ongoing. My luxury building and a few others I checked have slashed rent 10-15%, while also offering 6-8 weeks free, which is two months. That means the real asking rate in these properties another 15% lower. Thats a total of 27% lower. You can try offering far less. I would ambitiously go for 60% lower than asking price and see what happens. Assume they're cash starved too.