81: America is Screaming for Affordable Housing, But No One Wants to Build w/Lu Chen and Thomas LaSalvia
On The Market
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Is the Rent to Income Ratio Going to Fall?
Moody's: We don't, at this moment, expect the recession. But historically, to get rent declines, or at least a consistent amount of rent declines over one to two quarter time span, it requires some stress in that labor market. And right now, I mean, goodness, look at the employment situation report from not that long ago, 500,000 jobs added,. So we're at a two to one ratio of job openings to the amount that are unemployed.
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