Quote:
Originally Posted by GenWhy?
The problem is there is no competition. We don't lower our rents, even in old buildings. We rent them out based on what the market can digest.
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This is kind of a contradiction
. There wouldn't be a market if there wasn't competition.
I don't fully disagree though, demand is outstripping supply, but that's the core issue, not the fact that price is adjusting to reality.