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Title: Apartment Companies Saw Net Income Spike 57% Last Year Thanks To Rising Rents
Source: [None]
URL Source: https://www.zerohedge.com/markets/a ... -last-year-thanks-rising-rents
Published: Jun 10, 2022
Author: Tyler Durden
Post Date: 2022-06-10 20:24:42 by Horse
Keywords: None
Views: 197
Comments: 2

...the top 10 public apartment companies saw net income collectively rise 57% to about $5 billion...

Median Manhattan Apartment Rent Tops New Record-High Of $4,000

"In other words, tenants could see more price pain through the summer."

https://www.zerohedge.com/markets/median-manhattan-apartment-rent-tops-new-record-high-4000

Poster Comment:

Unlimited legal and illegal immigration has driven up apartment rentals and driven down wages of workers after you discount for inflation. This helps the billionaire donors who finance Democrat political campaigns.

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#1. To: Horse, 4um (#0)

...the top 10 public apartment companies saw net income collectively rise 57% to about $5 billion...

What did that do to GROSS income? My buddy that owns several properties has had expenses SKYROCKET.

Everybody is making more money, but is slipping under the waves at the same time.

Esso  posted on  2022-06-10   20:52:07 ET  Reply   Trace   Private Reply  

Also not mentioned is the skyrocketing of property taxes. One of the main reasons that I cashed out earlier this year.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2022-06-10   21:43:33 ET  Reply   Trace   Private Reply  

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