Right, assuming there’s more supply than demand. In markets with low vacancy rates like Manhattan, landlords get away with murder (terrible maintenance, making

Right, assuming there’s more supply than demand. In markets with low vacancy rates like Manhattan, landlords get away with murder (terrible maintenance, making renters pay for gatekeeping rental agents, high rent despite being shitholes, etc). In markets with higher vacancy rates, prices tend to be a lot more reasonable, and units tend to be somewhat better maintained, because they don’t have the same pricing power, and if they’re too bad, they won’t be rented unless they’re extremely cheap.