[gtbcb]

This doesn't make sense to me. I don't think apartment complexes or individual landlords (who generally aren't super sophisticated) are thinking this way. Also, I just don't think this logic is sound. An individual landlord (or apartment) isn't going to affect the market as a whole.

[throwaway29319]

Large investors (billionaires, hedge funds...) do this, and they are powerful enough to drive the market in most cities. Individual landlords usually seek rent.