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Apartment Rents Are Dropping
Posted
May 5, 2023
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13
May 5, 2023
13
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0:52Now PlayingDid your apartment rents skyrocket recently? Well, that is now suddenly turning around quickly. Big investors pumped billions of dollars into apartment buildings in recent years with the expectation that rents would continue to surge.
But now there are signs that rent went too high too fast, and they're starting to drop, and some investors are having trouble making ends meet. Apartment complexes are seemingly on every corner in America, and they're not so cheap.
So, you might be wondering: Who on earth is going to pay these prices to live in complexes you could destroy with a sledgehammer?
The answer is… not enough people. And that's why many big landlords will go belly-up in the near future, and apartment prices will continue to come down.
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