patrick.net

It was Trump that fired the first salvo against Mom and Pop landlords.

He put out a moratorium against evicting people who didn't pay the rent during Covid. Millions upon millions didn't pay their rent even though they were getting more money from unemployment than they did working. Now for Mom and Pop landlords with just one or two properties (the majority of landlords in the US) that screwed them over big time. So, millions sold out their rental units. Large corporations can have a certain percentage vacant and by doing so even increase their total income by having higher rents. That's a major reason rents spiked after Covid.

I just hope Trump isn't gonna do a bailout of the corporate owners by having the government purchase these rentals from the corporations. Wouldn't surprise me.

Rents are collapsing too. As always, the Trend is your friend... until it ends. The problem is people project recent years rent increase percentages far into the future without halt.

"Well shucks, Rent has gone up an average of 5% Yoy for the past 5 years! That means I'll collect much more rent in the next decade because trends never end or even pause! I made it conservative - only 3.5% gains YoY for the next decade! IMA be RICH!"

TheAntiPanicanLearingCenter says

Rents are collapsing too. As always, the Trend is your friend... until it ends. The problem is people project recent years rent increase percentages far into the future without halt.

"Well shucks, Rent has gone up an average of 5% Yoy for the past 5 years! That means I'll collect much more rent in the next decade because trends never end or even pause! I made it conservative - only 3.5% gains YoY for the next decade! IMA be RICH!"

Unless Trump bails them out by having the government buy the houses at today's market price.