2 ms·
This is way more about a drop in rents than anything else, obviously. Rents are super low nationwide right now, as folks abandoned high-rent areas in the pandem
by thehappypm 5y ago
This is way more about a drop in rents than anything else, obviously. Rents are super low nationwide right now, as folks abandoned high-rent areas in the pandemic. Meanwhile the housing market is very long-term oriented, and reasonably rational.
- hnburnsy 5y agoLooks like in many places rents are much higher... https://www.apartmentguide.com/blog/apartment-guide-annual-rent-report/ https://www.apartmentguide.com/blog/apartment-guide-annual-r... 'The following cities have experienced the biggest increases in one-bedroom rent prices year-over-year. None of them make the 10 most expensive markets for one-bedroom apartments by rent prices. Three of them — Gilbert, AZ; Buffalo, NY and Durham, NC — have populations of 300,000 or less. Kansas City, MO (+33.5%) Gilbert, AZ (+26.0%) Las Vegas, NV (+25.3%) Riverside, CA (+24.9%) Buffalo, NY (+23.3%) Columbus, OH (+22.1%) Durham, NC (+20.0%) Detroit, MI (+18.6%) New Orleans, LA (+18.3%) Virginia Beach, VA (+15.3%)