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> Rents will inevitably decrease What indicators do you see to make this look likely? It seems to me that if you take home ownership off the table, you increas
by listless 4y ago
> Rents will inevitably decrease
What indicators do you see to make this look likely? It seems to me that if you take home ownership off the table, you increase the number of renters which in turn increases demand. Rising rent seems inevitable at least in the short term. People gotta live somewhere and increased interest rates means less new construction of newer rentable properties - not like the US is any good at building affordable housing anyway.
- zeroonetwothree 4y agoBuying homes is a substitute good for renting. So if buying becomes cheaper, it will decrease demand for renting. Of course it's unclear if buying is actually cheaper now, since sales price is only one factor.