Higher rents more likely to come down than lower rents
As the rental market stays hot the rates are increasing quite a bit year after year. I don't see how that continue. When that slows or retreats does anyone have an experience, anecdotal or otherwise, as to how that affects various rental price "brackets". Will an $1800 rental pull back to $1700? $1650? While a $1200 rental would pull back to $1150? The $1200 will always be more affordable and that is where I continue to invest but the $1800 has a higher upside, my concern is just where we are in the market cycle now.