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Beastly Boy

(13,283 posts)
17. Predicting long term effects of the moratorium is too difficult at this point.
Sun Sep 19, 2021, 11:35 AM
Sep 2021

Not enough solid data to map the trends. But short and medium term trends are evident now. And they all point to vast rent increases and acute shortage of affordable housing across the board. I am guessing that rents and home prices will eventually stabilize, but not because of a large portion of prospective tenants' eviction record. After all, it's the landlord's choice to accept or reject a tenant based on their eviction record. It's just that the housing market is irrationally inflated now, largely due to the effects of two consecutive years of the pandemic. When the market comes back to its senses, and it is unlikely to happen before the COVID health crisis ends, prices and rents may come down a bit.

On edit: the number of millenials entering the housing markets will more than make up for the number of boomers dying off for a long time to come. So I don't see the dying boomers as a factor that will affect housing.

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