Are landlords really having to drop rents.

[Bradley G Fagg]

I read an Article and it kind of made me think twice about buying a rental property anytime soon. Since I'm new to the game and live in a place called Utah where we live in a bubble that has a 55K unit housing shortage. We haven't really seen rents go down or any of the houses  lasting on the market more than a few days. Is there really going to be a drop in the rental market going on?

https://www.msn.com/en-us/mone...

Thank you 

[Kyle J.]

@Bradley G Fagg Agree with the others. Real estate is very regional.

I don’t think you can take what’s going on in San Francisco or Silicon Valley (two places mentioned in that article), and make any sort of accurate comparison with what’s going on in Utah.

I live a short drive from both San Francisco and Silicon Valley, but outside the Bay Area. And I’m seeing the exact opposite of what’s mentioned in that article. (I’m actually RAISING rents.) 

Point is, you have to know your local market and you definitely can’t base your decisions on what’s going on in some other market/state.