The only reason rent would decrease in response to economic conditions would be if they started building tons and tons of houses and supply began to outpace demand. OR, your country were experiencing deflation, which is bad
The only way I got that to happen is by putting in my two-month notice and then signing up for the exact same unit when they listed it. Didn’t even have to moveout and they ended up charging us the lower rate for the two weeks between our current lease ending and the new one starting.
Have you ever, in your life, received a rent decrease because they were matching the economic conditions…?
The only reason rent would decrease in response to economic conditions would be if they started building tons and tons of houses and supply began to outpace demand. OR, your country were experiencing deflation, which is bad
The only way I got that to happen is by putting in my two-month notice and then signing up for the exact same unit when they listed it. Didn’t even have to moveout and they ended up charging us the lower rate for the two weeks between our current lease ending and the new one starting.
Housing price didn’t ever go down in most cases because of hoarding, there’s no way leeches will ever decrease the rent.
No, it’s because of a lack of new supply. Most houses are owned by the people who live in them, not land lords