LLs are clearly offering special deals in an attempt to prevent the general rental price from going down. But let’s suppose for a second that rents became 20% over-inflated from their supportable levels, as a bleed-in from the 300-400% home price inflation since 1995. Then general rents will have to come down by 20%. How long would that take? If every 2% decrease in the general, public, rental prices is painfully slow, preceded by ever-greater discounts to ever-greater numbers of “special” cases, then it could take many years.
