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Renters Are About to Get the Upper Hand | The Wall Street Journal (archive.ph)

submitted 1 year ago* (last edited 1 year ago) by dirtmayor@beehaw.org to c/news@beehaw.org

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[–] BlameThePeacock@lemmy.ca 18 points 1 year ago (1 children)

No they won't. Rental rates may flatten out or even fall slightly, but it will not be some sort of benefit for renters. The vacancy rates are still far too low for that in most cities.

[–] tristero@lemmy.world 10 points 1 year ago

Yeah, with vacancy rates being so low the rates flattening seems to be an indication that landlords have squeezed almost as much rent as tenants can bear.

If milk shot up to $15/g before flatlining I wouldn't think that the cost would soon decrease, but rather that nobody would buy $16 milk.