you are viewing a single comment's thread
view the rest of the comments
[–] 32 points 3 months ago (2 children)

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.

  • source
  • parent
  • hideshow 2 child comments
  • [–] 2 points 3 months ago (1 child)

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

  • source
  • parent
  • hideshow 1 child comment
  • [–] 4 points 3 months 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.

  • source
  • parent