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> There's less and less reason to, though. Could you please explain this part a bit more?
by generic92034 3y ago
> There's less and less reason to, though.
Could you please explain this part a bit more?
- lkdfjlkdfjlg 3y agoThe rental income level is often closely connected to the local jobs market. If an area has lots of high income jobs, you can raise rents and people will take it because it's rational to stay. However, the jobs market has been stagnant for a while and during the same period rents have been going up, something has to give, and it's often in the form of some people leaving and rents coming down.
- generic92034 3y agoBut in my understanding you are talking about the delta, year over year. Trends. Would it not be a case of 500 applicants for one apartment reduced to 300, giving a landlord no cause to lower rents? At least that is what I am observing in major cities where I am living.