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Reply to "Any other landlords noticing huge drops in rent??"
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[quote=Anonymous]I own a condo at the lower end, 1 br for 1650, all utilities included. New hw floors, appliances during last 2-3 years. New bathroom about 5 years ago. Prepandemic it was 1500. During pandemic, no rent increase because MoCo govt had rent freeze. HOA fees went up substantially because people were at home, using way more water, gas, electricity. I sold a condo recently because tenant decided not to pay rent, and it took forever to get her out. She quit her well paying remote IT job to dabble in arts. And no, the capital gain wasn’t worth it. Could have made more with an index fund and less aggravation. Once the current tenant of the above mentioned condo moves, I’ll sell [/quote]
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