Not just rentals, a shocking number of them had mortgages too.
a 10% vacancy in realestate can cause a 50% drop in price, easily. It sounds extreme, but that would still not bring us all the way back to proper levels. Youth today have no idea that rent should cost hundreds, not thousands. We are probably close to 3x normal pricing.
I pay almost $900 for my little studio apartment. I can’t imagine how cheap it’s going to drop once 30-40-50 million illegals are deported and what that’ll do for the rental and housing markets. If my place gets cheap enough, I might just stay, just to save up as much money as I can in the meantime.
Not just rentals, a shocking number of them had mortgages too.
a 10% vacancy in realestate can cause a 50% drop in price, easily. It sounds extreme, but that would still not bring us all the way back to proper levels. Youth today have no idea that rent should cost hundreds, not thousands. We are probably close to 3x normal pricing.
I pay almost $900 for my little studio apartment. I can’t imagine how cheap it’s going to drop once 30-40-50 million illegals are deported and what that’ll do for the rental and housing markets. If my place gets cheap enough, I might just stay, just to save up as much money as I can in the meantime.