Sen. John Thune, R-S.D., discusses the latest in negotiations over an economic stimulus bill, and whether any agreement between the White House and Democrats can get through the Senate.
All told, 62 out of 82 major apartment markets tracked by Moody’s recorded declines in effective rents in the third quarter, up from two a year ago. Despite demographic trends that continue to point to strong demand for rental housing as Generation Z comes of age, uncertainty over how long the pandemic will last and its impact on rental households’ ability to pay rent, have dimmed the outlook for apartment REITs and turned off investors.this year, apartment REITs are among the worst-performing, along with owners of office and retail space, two commercial property types also hit hard by the pandemic as more people work and shop from home.
In the spring, as much of the economy shut down in a bid to stem the coronavirus from spreading, publicly traded apartment owners began to see a decline in rent payments. The estimated monthly share of typical rent collected by apartment REITs was 93.8% in April, according to Nareit. That rate bounced back over the summer, reaching about 96% last month.
As apartment owners sweeten their concessions to win over new tenants or get others to renew, the costs of those incentives is another red flag for Wall Street because they cut into REITs’ profits.
I pay 1300.00 monthly rent for a 3 bed 2 bath townhouse. We have until the 7 of November to vacate. NOT bc we haven’t paid rent but bc I mentioned mold to other tenets and that violated my lease apparently. There are no affordable rentals bc of Covid! We are moving in to a hotel
Why don't they get a real job?
RobGeorge Interesting to see people suddenly lauding the decrease in rents due to supply and demand pressures when for years they’ve been bashing market-determined rent prices that didn’t suit them and demanding rent control. I’m fine with what’s happening, but the hypocrisy is laughable.
Tough to feel anything but contempt for people who describe themselves as 'lords.'
Oh no, not the big apartment building owners.
Rent is ridiculous nobody should be paying the same you would pay for mortgage to live in the closet of a house.
This article sounds very ominous for Apartment REITs: $AVB, $EQR, $ESS, $MAA, $AIV, $APTS, $UDR. I know these companies concentrate on different regions & income levels but what are your thoughts? Thank you. HoyaCapital rbradthomas REITsInvest REITs_Nareit
Awesome! Now, let’s talk: realDonaldTrump is lying to us about a truly painful issue. Per Capita, America is at the top of the DEATH RATE for industrialized nations🥵. POTUS knows this and minimalizes it’s importance while Americans are suffering and DYING. 😤COVID19
This is pretty tone deaf. I don’t feel bad for them at all. They have space, and there are people who need housing, fuck apartment owners.
Maybe if these people didn't spend their money on iphones...
Supply & Demand works both ways. They need to lower rents and stop whining. These millionaires also get beaucoup tax breaks that are subsidized by renters
GOOD WITH THEY GREEDY BEHINDS!
Biden admitted he made a mistake locking up black in 1994. But in 8 years as VP he let them rot in jail. Not until Trump started letting them out did Biden acknowledge his mistake. He knew he was wrong but waited until politically popular before he said a word. Not until Trump
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Thoughts and prayers.
Rents are unaffordable. Not news, right?
Because apartment building owners are suffering? Really? Read the room!
The rent is to damn high.
Biden wants more of that by sutting down the country
Decline in rent growth lol. Pathetic.
If they just stopped buying that starbucks everyday...
Oh noes! I'll put them on the list for tots and pears.
Latest vacancies
Lets find a way to keep the squeeze on the greedy rich after Covid-19 is just a bad memory.
Poor dears, these vultures can’t raise rents during a time of high unemployment! So sad. “No one has less compassion for humans than a landlord” -chrisrock
Must be nice for y'all to make enough money to not run the headline 'about fucking time rent started going down' Seriously
Am feeling it also
‘A decline in rent growth’. Not a decline in rents, yet
We should all feel bad for landlords during a pandemic. Fuck the renters amirite?
There's tons of homeless people who'd like a fine low-rent apartment. The people who were just living there.
I feel great sadness for landlords.
How I wish my Landlord could lower my rent, but als that is just a story on twirra
Works for me. Maybe they could learn to code?
Maybe they should ha e worked with ppl instead for throwing them out. No one wants to lose their home and I’m sure most ppl would set up a payment plan so both parties would benefit but building owners got greedy and now everyone is a screwed. It’s sad to see.
But yet and still its damn near illegal to have a acre of grass without a new fancy apartment there. Hopefully this will slow them down from building so much.
I feel so sorry for those big apartment building owners. However will they manage? letusprayforthepoorapartmentbuildingowners
Where? San Francisco?
Rent should be on a decline! It's time for the rent to match the size of these tiny ass apartments they keep building. 🤷
Good. These owners are disgusting thieves. They deserve every nickel they lose. Let them sweat and suffer like those they overcharge .
Rent should be on a decline! It's time for the rent to match the size of these tiny ass apartments they keep building. 🤷
Sorry, I dont have compassion for investment groups or people with enough money to own 'big apartment buildings.' They will be fine.
oh no!! not a decline in rent growth!!!!
I did not receive my NJ LWA $300 additional benefits, I am eligible! I am out of work due to COVID-19. Unemployment never contacted me to attest. I happened to see it by chance. When I tried to attest, The box did nothing at all! Please give the people another chance to attest!
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