re: #255 freetoken

There was so much over construction in the US that the real estate is currently market deeply depressed. Renting out the empty houses is a possibility and that should keep rents in many places in check for a year or two. After that - look out.

The twist to that is down zoning. They down zoned Denver which means no more high density housing. It was hard enough before and now it will be even harder. The days of building a moderate apartment building in a city which you can rent out for even 750 a month for 1 BR are long gone. What happens is investors then try to maximize the profit by designing it and marketing it as luxury apartments. There is no requirement for affordable house in rental units. Only with condos. Even then what they call affordable is high.