OriginEnergySux to Lemmy Shitpost · 4 days agoHeh hehimagemessage-square128linkfedilinkarrow-up1771arrow-down138
arrow-up1733arrow-down1imageHeh hehOriginEnergySux to Lemmy Shitpost · 4 days agomessage-square128linkfedilink
minus-squarefinallymadeanaccountlinkfedilinkEnglisharrow-up33·3 days 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-up2·3 days agoDepends on location. I had a rent drop in Knoxville once. Excess units in a bad local economy will do it.
minus-squarejj4211linkfedilinkarrow-up4·3 days 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.