Great observation. What I did find is that vacancy rates have been declining for 10 years and have been at a historic low around 1% for the last two years so if we wanted to take the statistic as prof for something we'd be doing it backwards. Rents are high exactly because all the apartments were taken and people were being driven out of what they already had so capping apartments older than 2014 is not going far enough. Of course the price for the ones post 2014 will keep rising until the vacancy rate rises catches up and then will they fall down.
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Great observation. What I did find is that vacancy rates have been declining for 10 years and have been at a historic low around 1% for the last two years so if we wanted to take the statistic as prof for something we'd be doing it backwards. Rents are high exactly because all the apartments were taken and people were being driven out of what they already had so capping apartments older than 2014 is not going far enough. Of course the price for the ones post 2014 will keep rising until the vacancy rate rises catches up and then will they fall down.
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