Will rent prices come back down after this ~30% surge?

There might be a lot wrong with this post so please correct me where I’m wrong or if I’m in the right sub at all.

We all know about ballooning pricing on homes / rent and from what I can tell is due to a supply and demand issue, not necessarily a bubble. My question is, once we see demand go down / supply go up, and the extremes in the market start to wane, will we also see rents or housing prices reflect that? Not all markets are the same of course – I live in a college town that was previously known for its affordable housing so what’s happening now is really taking a toll on folks. My admittedly more cynical side says no landlord is going to reevaluate the market and offer lower rent than what they’ve been charging; the prices we see now are now the new norm.

Thanks for the time.

submitted by /u/ThatsJustAWookie
[link] [comments]

There might be a lot wrong with this post so please correct me where I’m wrong or if I’m in the right sub at all. We all know about ballooning pricing on homes / rent and from what I can tell is due to a supply and demand issue, not necessarily a bubble. My question is, once we see demand go down / supply go up, and the extremes in the market start to wane, will we also see rents or housing prices reflect that? Not all markets are the same of course – I live in a college town that was previously known for its affordable housing so what’s happening now is really taking a toll on folks. My admittedly more cynical side says no landlord is going to reevaluate the market and offer lower rent than what they’ve been charging; the prices we see now are now the new norm. ​ ​ Thanks for the time. submitted by /u/ThatsJustAWookie [link] [comments]

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