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News@lemmy.world · 2 years ago

Apartment rents are on the verge of declining due to massive new supply

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Apartment rents are on the verge of declining due to massive new supply

return2ozma@lemmy.world to

News@lemmy.world · 2 years ago

A year ago, rents were posting 11% annual growth. Now they look like they're about to go negative year over year.

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2 years ago
Yes, actually. By $50. And it required me to move into a different unit of the same floor plan. Then they raised rent by $200 the next year.

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