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Iamdanno@lemmynsfw.com 9 months agoOne thing nobody ever considers about landlords. . . It costs them a considerable amount of money for their property to be empty. Most of them will accept slightly lower rents to keep the property occupied constantly. This cost avoidance ensures that there are always landlords at below market value, thus keep the higher rents in check.
Kinglink@lemmy.world 9 months ago
They might, but Demand is high enough in California they’re still raising rates. Demand doesn’t change because of this. Supply doesn’t change. But the amount of available cash that a rents has will have changed, which means the market will change accordingly.