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In general rent doesn't appear to be dropping. Most landlords have mortgages and many would default if they lowered rent.
by swiley 6y ago
In general rent doesn't appear to be dropping. Most landlords have mortgages and many would default if they lowered rent.
- BlueTemplar 6y agoWouldn't they also default if they cannot find anyone willing to rent at those prices ?
- claudeganon 6y agoI think the strategy is to play chicken until they either go bust or get bought out by a giant corporate real estate firm.