Apartment demand declines, marking first third-quarter drop in 30 years

Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.

Connect with CNBC News Online

#CNBC
#CNBCTV

[oscarusestools]

They are bothered that people will find a way to adapt. That’s what happens when they get too greedy. Just look up local storage places. They are full. More people are rooming together or moving back with parents.

[dagsterblaster]

People can't afford apartments. I can see in my neighborhood lots of folks moving in with relatives. More cars, young people.. Hey, suppose that works when so many people bought houses way bigger than they really needed. McMansions finally having some value.

[deansmith]

Nothing is affordable out there and he is worrying about his REITs in his retirement portfolio. Greedy landlords keep upping rent. Of course, income vs rent is higher because higher income earners are renting cheaper rental units.

[pbeekharry]

..have they heard of people sleeping in cars....

[skyak]

This is actually the most important contributor to inflation measures "owners equivalent rent" and rent are huge expenses so when they role over inflation has peaked.

[Simply_Life]

Landlords became Jerks by jacking up rents 20-30%... well people are going to find solutions than get stuck with crazy expenses... 🤪

[erobsessedk]

Wheres all those home sellers thinking they could make a buck off of rent? Lol

[MrWaterbugdesign]

Easy for people to share apartments as needed.

[JC-cdus]

No one can afford the prices. Rent is ridiculously high.

[Chew]

What does it mean that apartment demand is falling? Where do they go? People still have to live somewhere.

[tonynunez]

Apartment demand is going down but the homeless population is going up. Many low cost hotels are seeing an increase in customers.

[tt-designs]

Was just talking to a long time tenant at my complex who is going to start renting a room in someone’s house. Neighbor two doors down also has an eviction notice this morning.

[sandranichols]

Definitely the crews need to get together and rehome in each district

[MichaelChengSanJose]

Rents are going up as people are trading down to increase savings during the recession. Nobody surveys the incomes of the newly homeless.

[wutzis]

moar fake fedbux to prop up a zombie economy pleeze. and we so love all the charlatans that come with fake fedbux.

[lppoqql]

Here is a tip, short the banks that are cutting their risk management unit at a time like this. They are either stupid or extremely cash strapped.

[Bradgilliswhammyman]

multi generational homes are the norm in many other nations, the USA is a exception...which won't last for long.