Rents are dropping across the US

Re:Rents are dropping across the US by johnomarkid on Wednesday June 17, 2020 @04:28PM (#23556335)

Anecdata here. I just rented out my house in Austin last week. We had 14 people vying to sign a lease, and several wanted to bid above the price we are renting for. The real sticker - 10/14 were moving from SF/LA/NY because they can now work from home. Our rent is above market in Austin, but way below what they are used to paying.

All that to say, you may see the opposite of a slowdown.

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Re:Rents are dropping across the US by pmiller2 on Wednesday June 17, 2020 @06:54PM (#23557786)

Wait until the pay cuts for remote workers hit.

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Re:Rents are dropping across the US by dan_quixote on Wednesday June 17, 2020 @07:01PM (#23557846)

Not to mention the crunch when only ~5% more jobs go full remote in the next few years instead of the "anticipated" 40%.

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Re:Rents are dropping across the US by masonic on Thursday June 18, 2020 @08:07AM (#23562272)

  moving from SF/LA/NY

I bet state and city Income tax was a factor.

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Re:Rents are dropping across the US by _bxg1 on Wednesday June 17, 2020 @04:29PM (#23556346)

Sigh.

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Re:Rents are dropping across the US by mywittyname on Wednesday June 17, 2020 @04:55PM (#23556634)

Change is inevitable. What's awesome now might be crap in the future and today's garbage might be the future's treasure.

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