In Columbus, Ohio, we have ‘two months free rent’ signs, and my landlord offered month-to-month (no lease - unheard of last 15 years), at the same rent, as long as we would stay. I smell desperation.
My ex-boss, who two years ago owned rental properties with net monthly income (after all expenses and taxes) of $40K, had to declare bankruptcy (massive negative cash flow). He hopes to keep his house, but his rentals are hitting the auction market.
But, unemployment was unchanged this month.
I negotiated a $250 reduction in rent late last year. The building complex is now at about 50% occupied. One of the only positives I’ve experienced out of this whole bloody mess.