OriginEnergySux@lemmy.world to Lemmy Shitpost@lemmy.world · 12 hours agoHeh hehlemmy.worldimagemessage-square84fedilinkarrow-up1481
arrow-up1481imageHeh hehlemmy.worldOriginEnergySux@lemmy.world to Lemmy Shitpost@lemmy.world · 12 hours agomessage-square84fedilink
minus-squarefinallymadeanaccount@lemmy.worldlinkfedilinkEnglisharrow-up27·6 hours 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-up2·5 hours 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-up3·2 hours 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.