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Atleast in residential rents can and do drop because a large number of rental properties are small time homeowners whose mortgages are not contingent on maintai
by helen___keller 3y ago
Atleast in residential rents can and do drop because a large number of rental properties are small time homeowners whose mortgages are not contingent on maintaining a high rent
- lazide 3y agoIt depends on the market segment. Most areas, high end/luxury type units are owned by the larger commercial investors and have the same issues. Prop mgmt companies have been doing ‘free month of rent’ type deals for a long time to avoid impacting the headline rent rates for that reason. Commercial equivalents are usually the Class A stuff. Class B/C is often owned by individuals or small syndicates.