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S&P downgrades to lower rental prices

Started by emanik
over 14 years ago
Posts: 8
Member since: Jul 2011
Discussion about
The rental providers must NOT hold on to their pricing so tight....given the S&P downgrade of US credit rating. The renters will shy away. Patient renters will get good deals and eventually get interesting deals in Dec-Jan timeframe. I will not be surprised if the rental prices in NYC (in pricey locations) will be slashed to new lows. I will not be surprised to see 2 months off deal in the market for rentals in Dec-Jan timeframe this year.
Response by stewst
over 14 years ago
Posts: 1
Member since: Jul 2011

If you think renters will shy away then what about buyers? And if both buyers and renters shy away then where will everyone live?

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