02-25-2016, 10:47 PM
(02-25-2016, 10:12 PM)tomh009 Wrote:(02-25-2016, 09:02 PM)panamaniac Wrote: Not at $3,000 a month they don't. Somebody's going to take a bath.
If the market really is massively oversaturated (of which I'm not convinced), the rents will fall and the building owner will need to accept a lower rent. Supply and demand works very, very efficiently when it comes to housing.
I agree.