The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions

https://lemmy.world/post/5591950

The rental market is softening so fast in some pockets of the country that landlords have no choice but to offer concessions - Lemmy.world

What the fuck is it called a concession… rather than “fair market price”?
Yeah aka market correction to reach equilibrium. Nothing to see here, move along, move along.
My eye twitches a little every time a realtor calls depreciating house prices a “market correction”. Bitch please, an actual correction would be a 50% reduction in value.
Well the market disagrees with you. And as long as people are forking over $1 million for a starter home and all other equities and commodities are at all time highs, prices won’t budge.