Thousands of downtown condos will end up as rentals.
This glut of condo rentals will depress rents on single family houses.
Remember that housing that isn’t bought by a homeowner WILL become a rental eventually. It might sit on the market vacant for many months but eventually it will be added to the rental stock.
The only exception I know of to this rule is the condo towers across from the Convention Center that were left vacant for about 10 years since there was no market for them.
