$4,000 apartments sitting VACANT (No one can afford them)

Landlords have a big problem right now. And that's all the luxury apartments they built across America sitting vacant in 2023.

These apartments rent for anywhere from $2,000 to $4,000/month and now that the recession has started people don't want to rent them. And they're sitting vacant, evidenced by a skyrocketing rental vacancy rate.

On top of that - landlords are building another 1 million luxury apartments in 2023 that are set to be delivered by the end of the year and into 2024. A reality which will cause vacancy rates to increase further and rents to go down.

Which is ultimately bad news for the housing market. Because rents filter through to home prices.

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