Interesting. Without all the actual data I’d have to hypothesize the big cities finally hit a tipping point, and these drops haven’t hit the smaller towns that the people priced out by the cities have been moving to.
I doubt that rents will fall all that much outside of the big cities. Unfortunately, the cities have also become more of a playground for the wealthy, wealthy people in denial (children of homeowners that will receive assistance to join the property market), and a home for the unhoused and people in precarious living situations.
If you’re not in either ends of the social classes, there isn’t as much of an incentive to remain, since most leisurely activities and meeting areas are crowded, behind an expensive paywall (if not at the gate, then the activities themselves), or they’re outside the city anyways.
Interesting. Without all the actual data I’d have to hypothesize the big cities finally hit a tipping point, and these drops haven’t hit the smaller towns that the people priced out by the cities have been moving to.
I doubt that rents will fall all that much outside of the big cities. Unfortunately, the cities have also become more of a playground for the wealthy, wealthy people in denial (children of homeowners that will receive assistance to join the property market), and a home for the unhoused and people in precarious living situations.
If you’re not in either ends of the social classes, there isn’t as much of an incentive to remain, since most leisurely activities and meeting areas are crowded, behind an expensive paywall (if not at the gate, then the activities themselves), or they’re outside the city anyways.