4 ms·

Shouldn’t prices just go down according to basic market rules?

• megiddo 6y ago
  Yes. I would imagine prices would fall rather steeply as the amount of available housing shot through the roof. I bet good money that the decrease in rental prices after a eviction-pocalypse would be significantly more than a stimulus check.
• save_ferris 6y ago
  The issue is that millions are out of work, meaning they have no income and therefore no way to pay rent. Landlords depend on rental income to meet their expenses running the property, so they’re faced with either letting people stay rent-free and losing income, or kicking people out so those who still have jobs are able to come in. Rents are coming down, but markets aren’t good at handling major financial crises like this, and lower rents mean nothing to those who are unemployed and can’t find work.