> On the other hand, if it’s high enough that people start moving out and the new vacancies are hard to fill, those rents will come down very quickly. Unfortun

> On the other hand, if it’s high enough that people start moving out and the new vacancies are hard to fill, those rents will come down very quickly. Unfortunately, this is unlikely. We’re in an era where building owners would rather let their properties sit empty for years than consider even a modest reduction in price.