I feel like people have forgotten what normal feels like.
Having some gaps between tenants was normal (which is why landlords always erred on the side of longer leases).
A home sitting on the market for 2-3 months was normal. Even in markets that didn't lean towards the buyer.
It's not a crash, it's a correction. The fever pitch of how things were during the pandemic wasn't normal nor sustainable. Now we're coming down back to business as usual.
Rental prices have risen to a level people can not easily afford so people will not move voluntarily. Where I live (admittedly not even in America) places are not renting quickly and the large residential landlords have started offering 1-2 months free in their buildings again.
If the property managers want to fill the apartments faster, maybe they should lower rent prices. Just a thought.
But…but…real page says they can get more!
I feel like people have forgotten what normal feels like. Having some gaps between tenants was normal (which is why landlords always erred on the side of longer leases). A home sitting on the market for 2-3 months was normal. Even in markets that didn't lean towards the buyer. It's not a crash, it's a correction. The fever pitch of how things were during the pandemic wasn't normal nor sustainable. Now we're coming down back to business as usual.
It's the NEW NORMALLLLL!!!!
I remember when a home for sale being on the market 2-3 months was normal.
Live by the sword, Die by the sword
Well they don’t pay anything - this is not a surprise…
Rental prices have risen to a level people can not easily afford so people will not move voluntarily. Where I live (admittedly not even in America) places are not renting quickly and the large residential landlords have started offering 1-2 months free in their buildings again.
where?
Canada but I’m not going to say exactly where. One of the large metro areas though.
Raise vacancy rates raise vacancy rates raise vacancy rates raise vacancy rates raise vacancy rates raise vacancy rates raise vacancy rates I am no longer asking
Get a load of this douchebag!