ST Alpha - "With predicted impending spike in evictions, what do we think is going to happen to rent? uh, rent pricing?" (Reading a Post)

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With predicted impending spike in evictions, what do we think is going to happen to rent? uh, rent pricing?

Posted by JD (aka Jason Dean) Jul 28 '20, 09:48

Does it make sense for property owners / management companies to maintain current rent levels at the possible cost of the units staying empty?

Does trying to get an income and thus cutting the rent levels help in the short term but is a long term trip to disaster?

Something else?

Responses:

Rent prices have already dropped here. People are getting offers of two months free with no add fees for amenities for the duration of the lease. - Krusty Jul 28, 10:13
just heard about this today - not sure if other states have it - landlords get 90% back rents - trying to keep people from being homeless -- (link) - JenBro Jul 28, 10:09
The first wave will be empty properties that can't be filled. The second wave will be rushed sales and foreclosures. The third round will be - Beryllium Jul 28, 10:04

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With predicted impending spike in evictions, what do we think is going to happen to rent? uh, rent pricing?

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