In general rent doesn't appear to be dropping. Most landlords have mortgages and... | Hacker News

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		swiley on Sept 16, 2020 \| parent \| context \| favorite \| on: The majority of 18- to 29-year-olds in the US are ... In general rent doesn't appear to be dropping. Most landlords have mortgages and many would default if they lowered rent.

BlueTemplar on Sept 16, 2020 [–]

Wouldn't they also default if they cannot find anyone willing to rent at those prices ?

claudeganon on Sept 16, 2020 | [–]

I think the strategy is to play chicken until they either go bust or get bought out by a giant corporate real estate firm.

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