OriginEnergySux@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agoHeh hehlemmy.worldimagemessage-square64linkfedilinkarrow-up1550arrow-down123
arrow-up1527arrow-down1imageHeh hehlemmy.worldOriginEnergySux@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agomessage-square64linkfedilink
minus-squarefinallymadeanaccount@lemmy.worldlinkfedilinkEnglisharrow-up18·1 month ago If 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.
minus-squareSimulation6@sopuli.xyzlinkfedilinkarrow-up2·1 month agoDepends on location. I had a rent drop in Knoxville once. Excess units in a bad local economy will do it.
minus-squarejj4211@lemmy.worldlinkfedilinkarrow-up3·1 month agoNow 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.
In nearly 30 years of renting, the rent has never gone down, regardless of what the market is doing.
Depends on location. I had a rent drop in Knoxville once. Excess units in a bad local economy will do it.
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.