will rental market in metro cities go up?
From what I read, gas prices have driven some commuters back to the rental marketin in the metro cities.
For example, there are many people who work in Providence, RI commute daily between Boston and Providence. Now with gas prices so crazy, many people find it is cost effective to rent in Providence rather than commuting every day.
Providence market has long been done. Many houses are missing coppers and various pipes. With prices so low, few investors would tackle those these properties.
That means supply will decrease or keep low for a while.
Increasing demans vs decreasing supply means a good rental market in metro cities?
Let us see.
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