• Simulation6@sopuli.xyz
    link
    fedilink
    arrow-up
    2
    ·
    5 hours ago

    Depends on location. I had a rent drop in Knoxville once. Excess units in a bad local economy will do it.

    • jj4211@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      2 hours ago

      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.