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Thursday, November 03, 2016

Landlords Are Slashing Rents Across the Country. Haven’t You Noticed?

Sadly for most renters, prices are still rising to historic highs.

Have you ever bought a sweater off the sale rack and then thought,“Wait, 30 percent off what?”

That's what it's like shopping for an apartments in dozens of U.S. rental markets, as landlords offer discounts on asking prices—even as rents remain at historic highs. In San Francisco, where median rents have marched upward for years, landlords reduced the listing price on 21 percent of listings in the 12 months that ended Sept. 30, according to a new report published by Trulia. That’s up from 14 percent of listings that were price-chopped last year.

In more than 40 cities across the country, including both hot spots like Denver and quieter markets like Tulsa, Okla., landlords cut prices on at least 10 percent of listings, the report said.

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9 comments:

Anonymous said...

It is all a ruse. They get you in, sign a lease, wait a year and then rape you. The discount only lasts a year as they jack you up 25+% the next year.
fun fun fun.

Anonymous said...

There kidding right?Costs more in da bury than Annapolis.

Anonymous said...

The slumlords here in Salisbury jack the rent up so high because of the college kids

Anonymous said...

If you don't like paying rent, then buy a house.

Anonymous said...

5:36 yea because that is so easy to do here with your 3 part time retail jobs.
Welcome to the bury.

Anonymous said...

Not everyone can get the credit or down payment or a house idiot!!! I own my home..by the grace of God I didn't lose it..rent puts you in a vicious cycle where you can never get your feet under you to buy one. Twenty years ago I rented an 2 bedroom apt for 400.00 month
..the same apt is now 950.00 a month...electic was 40.00 month..now 89.00 a month or more...wages are the same as they were in 1999.. taxes on income and Obamacare are up..equals people can't afford it!! If college kids didnt share or have rich parents they wouldn't be able to rent either..

Anonymous said...

5:36 Good point.

Anonymous said...

There are plenty of houses for rent on Rip-Wil drive. I think the rent is $900 a month for a 3 bedroom 1 bath house that looks like it belongs in the ghetto. The houses are close to 40 years old and have never been updated. I think that's the problem in Salisbury, asking too much money for crappy homes.

Anonymous said...

It is plenty easy to buy a home. Stop spending 3-400.00 a month on things you don't need like cable tv/100/mo cellphone bill, drive an older used car w no car payments for 3-5 years and put money away to buy a house. As cheap as they are in and around salisbury, it won't take long to afford one. I know someone that just bought a decent home for $40k. BTW, this idiot did the aforementioned things and now owns 3 homes in 3 different states and only 1 of them has a mortgage. None of them are rentals, just principal residence and 2 second homes.