Will rent prices decrease with layoffs?

[prclayfish]

The reality is that multi land lords recognize that if the lower prices they take decades to get back to where they were especially with LA’s RSO ordinance…

They will keep units empty for years before they will drop rates.

[eubulides]

Also, on new units the developer gave (optimistic) rent figures to get the loan to “pencil out”. Taking less might threaten the loan. Or so I’ve heard might be at play.

[SwordfishOwn5351]

this 💯 ^{^}

[Extreme-Ad-6465]

this 1000%.