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If the condos aren't selling, shouldn't we see the prices go down? There's gotta be an equilibrium at some very cheap rent for them
by nemomarx 1y ago
If the condos aren't selling, shouldn't we see the prices go down? There's gotta be an equilibrium at some very cheap rent for them
- spicybbq 1y agoIn the long run, yeah. In the short run, owners can carry unsold inventory for quite a while, hoping conditions improve, before there is pressure to do something (e.g. a balloon payment).