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There is no more normal while said landlords are sitting on a 2% mortgage. I assume a good portion of the smaller ones are literally just letting things sit vac
by ramesh31 3y ago
There is no more normal while said landlords are sitting on a 2% mortgage. I assume a good portion of the smaller ones are literally just letting things sit vacant and appreciate rather than dropping rents below what would be worth their time/risk when almost their entire payment is principal.
- deelowe 3y ago2%, really? Man, I thought US mortgage rates got pretty low following 2008.
- beaeglebeached 3y agoIt would be nice if that's all they did, as new supply could blow them into oblivion. Instead they vote for ever more oppressive zoning and codes to turn their property into something you cant get unless you buy from them.