AceOfTheSwords t1_jciul64 wrote on March 17, 2023 at 3:29 AM

Reply to comment by Suspicious-Engineer7 in Rent Hike by sbenzing100

They exist enough to justify all the new luxury housing going up downtown. Either that or the rental market is about to collapse.

Suspicious-Engineer7 t1_jciz2c3 wrote on March 17, 2023 at 4:10 AM

I think you can see pros and cons for the luxury renting market in regards to rising interest rates. Buying a house is unattractive at the moment, but also the number of people who can pay higher rents is shrinking. Bad time to become a landlord as you're competing against people who have locked in interest rates and can charge less if they have to.