Looking for a deal on rent is challenging, but it can be done!
Older apartments that are not desirable are having by far the fastest increases in rent. This is a category of real estate called class C apartments. There is absolutely zero construction of class C apartments in the U.S. at the lower end of the market.
Compounding the problem is the fact that the typical class C customer is not a candidate for home ownership. So the apartment management companies don’t have to worry about pricing too high and driving their customer base away to the suburbs.
As you can see, there are multiple issues facing class C apartment rents. They’re getting pricier with less availability.
Ironically enough, the high end of the market is getting crowded with new construction. This is a category of real estate called class A apartments. Too many units are coming online. In many cities, rents will start dropping among the class A supply.
It’s a classic supply and demand issue. The irony is that people at the high end of the market may be finding deals and seeing their rents go down while people in the class C category are having to pay more.
Read more: Form letter: Request for repairs to rental property
Looking for a deal on rent is challenging, but it can be done!
Older apartments that are not desirable are having by far the fastest increases in rent. This is a category of real estate called class C apartments. There is absolutely zero construction of class C apartments in the U.S. at the lower end of the market.
Compounding the problem is the fact that the typical class C customer is not a candidate for home ownership. So the apartment management companies don’t have to worry about pricing too high and driving their customer base away to the suburbs.
As you can see, there are multiple issues facing class C apartment rents. They’re getting pricier with less availability.
Ironically enough, the high end of the market is getting crowded with new construction. This is a category of real estate called class A apartments. Too many units are coming online. In many cities, rents will start dropping among the class A supply.
It’s a classic supply and demand issue. The irony is that people at the high end of the market may be finding deals and seeing their rents go down while people in the class C category are having to pay more.
Read more: Form letter: Request for repairs to rental property
Kohl's is currently offering up to 70% off clearance items! There's no code needed to…
Today at Amazon, you can purchase a Samsung 34-inch ViewFinity S50GC WQHD monitor for $249.99.…
Some people love to celebrate their birthday. Other people don't want to acknowledge their big…
Today at Amazon, you can purchase a JBL Clip 4 portable Bluetooth waterproof speaker for…
Today at Amazon, you can purchase a Seagate Xbox Series X/S 2TB SSD storage expansion…
Today at Amazon, you can purchase a Kodak Dock Plus 4Pass instant photo printer with…