Cant read (paywall), but we just went through apartment hunting with my mother, who is selling her house. What we saw is that the rental market here is pretty soft--nice apartments in good locations that aren't egregiously overpriced are going fast, but anything not grade A choice is languishing. The research budget cuts, hiring freezes, drops in arrivals from international students, etc, are clearly taking a toll. The people who would be coming in to take those apartments are not coming in. So now: buying is way more expensive than renting. We saw a condo for rent right next door to a condo for sale--nearly identical units--and the cost to own was probably double the cost to rent.
Cant read (paywall), but we just went through apartment hunting with my mother, who is selling her house. What we saw is that the rental market here is pretty soft--nice apartments in good locations that aren't egregiously overpriced are going fast, but anything not grade A choice is languishing. The research budget cuts, hiring freezes, drops in arrivals from international students, etc, are clearly taking a toll. The people who would be coming in to take those apartments are not coming in. So now: buying is way more expensive than renting. We saw a condo for rent right next door to a condo for sale--nearly identical units--and the cost to own was probably double the cost to rent.