This is right. Increased costs are either passed on to tenants or decrease the landlord’s cash flow. Those are the only two options. I don’t have any data on wh

This is right. Increased costs are either passed on to tenants or decrease the landlord’s cash flow. Those are the only two options. I don’t have any data on which occurs more frequently. But what is true is an increase in expenses means less debt service is available so purchase prices come down.