David Taylor

Considering Housing Vacancy Rates In Terms of Supply and Demand

Paul. Thanks for the comment.

Effectively, giving away one month free is the same as lower rent when you look at annual income. In the end, if a rental sits vacant for too long, prices will adjust to create some kind of incentive to get someone in the place. If not, then the landlord is sitting on 100% loss for the month.

WIth the inventory out there that is sitting vacant, I don't know that it will take too long until we see these adjustments.