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The 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 i
by lkdfjlkdfjlg 3y ago
The 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.