Eventually supply will catch up with demand
Not if NIMBYs have their way. We have a MASSIVE supply problem already, and it’s getting worse.
Comment on Houses in my area increases 82% in just 4 years
PriorityMotif@lemmy.world 3 months agoEventually supply will catch up with demand which will supress rent (if we do something about the price fixing) and it will no longer be a viable investment. They’re probably losing a lot to management costs and capital expenses already.
Cryophilia@lemmy.world 3 months ago
UxyIVrljPeRl@lemmy.world 3 months ago
Where I am it’s more profitable to let it sit empty and make a Tax write of than lowering the asking rent.
chiliedogg@lemmy.world 3 months ago
Single-family rental is also a huge thing now.
I work in municipal development, and since 2021, 100% of single-family subdivision developments that have approached the city have been for rental-only neighborhoods.
And they want to put all the homes on a single shared commercial water meter on a single piece of property instead of extending public lines, so they can’t even be converted later without massive infrastructure projects and replatting.