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]
<a href="Read More“>View Full Article
