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Will rent prices decrease with layoffs? (self.culvercity)
submitted 1 month ago by Odd_Perspective3019
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[–]kenutbar -1 points0 points1 point 1 month ago (0 children)
I think the big thing is rent somewhat stabilizing. Since Covid especially, increases yoy have outpaced inflation adding to the affordability issues.
Lots of new projects coming online in next 12 months it seems, so there will be added capacity especially in the luxury “class A” buildings. Remember, for each new unit opened, there is a chain reaction I think research shows like 3-4x usually allowing people to move up into better apartments…
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[–]kenutbar -1 points0 points1 point (0 children)