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by Retric
1549 days ago
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Which shows how important a seemingly small number of long term unoccupied apartments are. Another way of looking at 2% vacancy is over 20 years an apartment is vacant less than 5 months. People move, die, go to prison etc, so there is some inherent friction represented in a 98% occupancy rate. Dropping to 1% long term takes more than just higher demand it would require increases in transaction efficiency. |
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