3 ms·
In practice I've never known how many other units were occupied, and the land lords are incredibly incentivized to sit on empty units over reducing the value of
by mjevans 6y ago
In practice I've never known how many other units were occupied, and the land lords are incredibly incentivized to sit on empty units over reducing the value of the property by lowering rent ever. The numbers thus _only_ go one direction.
- zucker42 6y agoRents dropped significantly at the start of the pandemic in my area (from $3400 around this time last year to $2500). It's partly because I'm right next to a big college.
- asdff 6y agoIn my area in LA the only drops that I've seen are management companies offering a month or so free, to keep up base rent at full price. Maybe smaller landlords are dropping prices, but it's hard to see much of a trend. I will say when I moved out of my complex into a more private place, my parking lot had like 50% capacity (it used to be full before the pandemic).