8 ms·
I live in Denver, I don't believe this article is true. I just got a renewal offer where they wanted to raise my rent by 30%. I have generally negotiated this
by tristor 1y ago
I live in Denver, I don't believe this article is true. I just got a renewal offer where they wanted to raise my rent by 30%. I have generally negotiated this down with my landlord (Greystar), but I also am well aware and they're more blatant about the fact that they use RealPage ever since the courts gave them a pass for blatant price-fixing and collusion. Greystar and two other major REITs own nearly 60% of all rentable residential properties in the Denver metro area, so pardon my skepticism, but I call BS on the thought that rent has or will ever go down in Denver.
Edit: The plural of anecdote /is/ data.
- chrisco255 1y agoWhat you've quoted here is anecdotal evidence: https://www.merriam-webster.com/dictionary/anecdote https://www.merriam-webster.com/dictionary/anecdote Crime can trend down and yet there will still be victims of crime.
- angrydev 1y agoGreystar is a notoriously bad landlord and your personal anecdote does not change the data.
- matthest 1y agoShop around and see what others are offering. I believe your anecdote, and I've also seen several other anecdotes about how rents have dropped - someone said as much as $1k. I'm sure it's a big mix right now.