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b_b  ·  912 days ago  ·  link  ·    ·  parent  ·  post: In which REITS eat shit

    The median asking rent for any rental unit rose to $1,827 in April, according to Realtor.com, the highest rent on record and a nearly 17% gain from the prior year...

    Owners who paid steep prices for apartment buildings could be at risk if rent growth slows

Ummm. Can't tell if this line was written tongue-in-cheek. Does anyone expect that 17% price growth is possible year over year without interest rates that are near that mark?