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From what I’ve seen, rent prices aren’t falling. Landlords are just offering 1-2 months fee if you sign a year lease.
by ecf 6y ago
From what I’ve seen, rent prices aren’t falling. Landlords are just offering 1-2 months fee if you sign a year lease.
- soared 6y agoWhich is the exact same thing as reducing rent by 1/12th or 1/6th. Most near luxury complexes do this to maintain the “luxury” price but have the price actually be lower.
- mikereedell 6y agoWith the exception that if you break the lease, you now owe those "free" months back.
- whimsicalism 6y agoOh they definitely are - just not on the listed prices. What you're describing is also only true of new luxury towers that don't want to lock in a low price, which is the minority of housing in the Bay. I found it easy to get the landlords to drop the price $200. The few landlords who refused to play ball were messaging me a month later with discounts begging me to take the place.
- baby 6y agoPlenty of people I know negotiated 10% decrease of their rent. And that was a few months back.