Quote:
Originally Posted by BV
How would rents come down when the rental market is very tight?
Even if unemployment goes up people need to live somewhere
and no landlord will be decreasing rents just because some tenants are out of work.
IMHO
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If times are tough and your current tenant leaves because he can't pay the rent. Then you can't find anyone else to rent at that price, because they also can not afford it. Then you would need to lower the rent to get someone into the property.
It probably depends which market you are in though, I would think higher rents would be affected first because people will move to areas where the rents are lower if they cant not afford to pay the rent.
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