Posted Sep 5, 2011, 7:46 PM
|
|
Registered User
|
|
Join Date: Jun 2004
Location: Chicago
Posts: 7,297
|
|
This is good news. Increasing the concentration of students closer to business districts will guarantee these areas will continue to grow.
It will also help boost rental vacancies in neighborhoods that were originally single family homes.
More empty homes in student neighborhoods will guarantee renovations to dilapidated properties and possibly a reversal of the exodus of families from the city to the suburbs as rentals return to single family. It will also cause rents to fall to more reasonable levels and force certain landlords out of the business who shouldn't be in it in the first place.
|
Threaded Mode