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personally i don't think the upper end landlords will be losing to much sleep by dropping their rents from $1000/wk to $980/wk ...

hahaha - that was my belly laugh for today! so funny ... thanks.

ahhh - explains a lot. ah well, only time will tell whether the optimists or pessimists were on the correct side of the fence. personally, life is more fun being an optimist.

yes they did, due to massive oversupply with several very large high rise developments coming on line all the the same time ... can recall the number of units suddenly dumped on the rental market, but it was in the 1000's. that was the era of two weeks free rent etc to try and entice renters...

only cause today you're making lots of sweeping statements that don't ring true in many areas - but that you're insisting they're correct but not backing them up with any data when requested. perhaps needs to be specific to your backyard (and say that) or provide some relevent data that - er...

ummmmm - move to where exactly? at under 2% vacancy rate across the entire inner/mid ring district (not just suburb) where my ip's are, i don't think any of them would fancy taking their chances against the other 20 couples applying (not that i am currently putting up the rent as only just had...