Apartment Companies Saw Net Income Spike 57% Last Year Thanks To Rising Rents

Source: https://www.zerohedge.com/markets/apartment-companies-saw-net-income-spike-57-last-year-thanks-rising-rents
Published: Jun 10, 2022
Author: Tyler Durden
Post Date: 2022-06-10 20:24:42 by Horse
Views: 266

...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: Esso    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   Reply   Private Reply

#2: Lod    To: Esso (#1)

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

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