195: What Happens to Rent Prices When 1,000,000 New Units Come Online in 2024? w/Chris Salviati
Rent prices peaked in 2022 after a double-digit percentage run-up. Due to more household formation, disposable income, and remote work availability, Americans were doing whatever they could to upgrade their housing to bigger, better, and often more expensive options. But, after interest rates shot up, the economy…
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