Apartment rent growth is declining, shifting the market to the tenant’s favor
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Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#2Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#3https://archive.is/y28IG
I've been looking for a decent 1BR in Manhattan.
For something clean and decent, the floor is $4,500.
The 40x rent annual income requirement by many landlords, one needs to be making $180,000.
sigh.
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#4[flagged]
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#5I wish the government would do more to control this terrible situation. If you can't afford a home with a 40 hour job, something is sick in this country. Even an apartment is beyond reach.
Blackrock and Vanguard are blights on this planet.
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#6I wish the government would do more to control this terrible situation. If you can't afford a home with a 40 hour job, something is sick in this country. Even an apartment is beyond reach. Blackrock and Vanguard are blights on this planet.
> Blackrock and Vanguard are blights on this planet.
Corporate landlords weren't the ones saying "you can't build here because it ruins the neighborhood's 'character.'"
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#7Could someone please forward the memo to Vancouver? https://www.zumper.com/rent-research/vancouver-bc
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#8I wish the government would do more to control this terrible situation. If you can't afford a home with a 40 hour job, something is sick in this country. Even an apartment is beyond reach. Blackrock and Vanguard are blights on this planet.
Completely agree about Blackrock and Vanguard. But didn't the government create this situation by making it hard to build, thus keeping supply down? While at the same time near 0 interest rates to boost demand. While at the same time inflating the supply of money.
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#9I wish the government would do more to control this terrible situation. If you can't afford a home with a 40 hour job, something is sick in this country. Even an apartment is beyond reach. Blackrock and Vanguard are blights on this planet.
> Blackrock and Vanguard are blights on this planet. Corporate landlords weren't the ones saying "you can't build here because it ruins the neighborhood's 'character.'"
Both can be true. You can have cancer and bubonic plague at the same time.
Re: Apartment rent growth is declining, shifting the market to the tenant’s favor
#10I wish the government would do more to control this terrible situation. If you can't afford a home with a 40 hour job, something is sick in this country. Even an apartment is beyond reach. Blackrock and Vanguard are blights on this planet.
> If you can't afford a home with a 40 hour job, something is sick in this country.
I don't think this has ever really been true with any inclusive definition (white men used to, but nobody else). I would be curious where in the world that does not have a declining population that it is true.
This article suggests that there has been a small decline in home buying age, but it is not a big one.
https://www.forbes.com/sites/katherinehamilton/2023/04/21/ge...