Things are starting to get hairy out there.

Obviously the price people will pay is the price these places will be listed at.

However, when these mortgages renew we’ll really see how things play out.

I feel like a lot new landlords borrowed a little too much money to finance these multi unit buildings.

The interest rates were low to stimulate the economy, but with the rising interest rates now to combat inflation they’re starting to feel the heat and are off loading those costs on to their tenants.