Where are the renters going to go will market get crushed

[Jay Hinrichs]

So was listening to an economist today that specializes in working with REITS and other top players in the industry

he got on MF

His point was as things shake out..  A and B rents will go down  and C renters will leave to live in nicer units putting pressure on lower end rentals  Cap rates go up on the nicer stuff  and well values drop across the board.

I wonder if we will see that in SFRs as well..  if there is competition for tenants  ??  rents go down people paying 800 all of a sudden can move to a nicer home.. the 800 rent gets lowered to 600 so its not vacant.. ??

if this does come to pass I suspect landlords want to do everything they can to keep their existing tenants. ?