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Rental glut too?

Started by CCL3
over 9 years ago
Posts: 430
Member since: Jul 2014
Discussion about
http://www.bloomberg.com/news/articles/2016-06-01/equity-residential-warns-of-softening-nyc-san-francisco-rents Curious as to how rental supply is up so much, excluding the uber luxury apartments purchased by investors that are then dumped back on the market as rentals. The "regular" rental companies should be competing at a lower price point. Did they overbuild new rental buildings as well?
Response by 300_mercer
over 9 years ago
Posts: 10570
Member since: Feb 2007

I think in NYC, it is the condo rentals which are putting pressure on high-end luxury rentals.

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