Liar Loan
Well-known member
It's been four years since I started this thread. Let's check in on rents, shall we?
The last time L.A. rents were that low was January 2022, in the wake of a furious pandemic home-buying market that saw a wave of renters buy homes for the first time, leaving apartments empty and bringing prices down.
The drop-off mirrors a national trend, as the U.S. median rent dropped to a similar four-year low in December.
www.latimes.com
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Now check out these hilarious comments from when I first posted that rents were declining:
‘Finally, a renter’s market’: L.A. rent prices drop to four-year low
The median rent in the L.A. metro area dropped to $2,167 in December — the lowest price in four years, according to data from Apartment List that analyze new leases for one- and two-bedroom apartments in a given month.The last time L.A. rents were that low was January 2022, in the wake of a furious pandemic home-buying market that saw a wave of renters buy homes for the first time, leaving apartments empty and bringing prices down.
The drop-off mirrors a national trend, as the U.S. median rent dropped to a similar four-year low in December.
'Finally, a renter's market': L.A. rent prices drop to four-year low
In December, L.A.-area rent prices hit a four-year low, while apartment vacancy rates hit a nearly five-year high, signaling a potential renter's market in some neighborhoods.
www.latimes.com
Now check out these hilarious comments from when I first posted that rents were declining: