Comment on Heh heh
finallymadeanaccount@lemmy.world 1 week agoIf the housing market goes into the shitter…
… the renter pays less rent.
In nearly 30 years of renting, the rent has never gone down, regardless of what the market is doing.
Comment on Heh heh
finallymadeanaccount@lemmy.world 1 week agoIf the housing market goes into the shitter…
… the renter pays less rent.
In nearly 30 years of renting, the rent has never gone down, regardless of what the market is doing.
Simulation6@sopuli.xyz 1 week ago
Depends on location. I had a rent drop in Knoxville once. Excess units in a bad local economy will do it.
jj4211@lemmy.world 1 week ago
Now the key question is did it drop below the price the owner would have been paying? Assuming the owner had it for at least 3 or 4 years, the rate drop was probably still not below their loan payments based on the purchase price.