Monday, October 12, 2020

Apartments and Covid

 Recently my friends and I have been apartment hunting and find that it is very difficult to do during this time. Many places won't allow people to tour due to the pandemic, which is understandable. But on the other hand, why would someone sign lease or contract if they aren't able to see where they'll be living before hand? Covid has made many things difficult but this is by far one of the most complicated things I have had to do during this time. Websites will show you pictures, prices, and layouts but most places post their best pictures when the place they're renting out could be nothing like it. On top of being able to see places with our own eyes, prices are shooting up. Houses and apartments are being sold and rented for way over their worth and eventually the stock market is going to crash leaving people upside dow in payments. In the article I included, it explains how the prices for renting properties in more expensive areas are decreasing as covid continues. But the places that are normally cheaper, and cheaper to live in, are increasing. There really is no way around it. 

Covid Effect On Rental Markets

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