I still think a lot of rentals are over priced. Owners tried pushing their prices back to pre-pandemic levels but seeing plenty of 2/2’s that have been sitting for 40-90 days. Had a debate with a broker about this and the units that he was trying to push for > pre-pandemic $ sat for awhile. Whats the real story here ?

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Landlords want to make money, only takes one renter

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Yeah, make money by losing 3 months of rent, waiting for someone to bite? Just noticed a unit that we wanted to negotiate down ended up leaving their unit on the market for 100+ days. They lost way more money holding out.

Greed.

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Landlord may also have had no rental income for a year so they can’t afford to lower it.

That’s not the case. And either way how would leaving it on the market, unrented help that ? Better off dropping the price a bit and getting it rented. Vacancy crushes you.

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