No they won’t. Rental rates may flatten out or even fall slightly, but it will not be some sort of benefit for renters. The vacancy rates are still far too low for that in most cities.
Oh, thank goodness, if this is the actual trend. We’ve been debating moving, but rental markets have been ludicrous everywhere.
Nope, not until we have social housing making it’s return. There are a lot more vacant homes than there are homeless people.
Would like to buy, but many properties are over priced, interest rates aren’t favorable, and don’t have the money for the required down payment, so stuck renting, and landlords/leasing agents are taking advantage. We need rent control.
We need landlord control. Y’know, like pest control.
Duluth, Minnesota, tried to do some control for absent landlords, requiring that landlords live within or have a representative within X miles of the rental. Unfortunately, all that did was make management companies more overbearing when owners turned to them to be the local contact.
