We toured an apartment complex a few weeks ago and an apartment manager told us . . .
Rents are like seats on a plane. When the plane is full, ticket prices go up. When the plane is empty, ticket prices go down. When we have a lot of vacancies, you'll see specials.
It's a common sense observation about the price of rent at any apartment complex. It's something to keep in mind if you are looking for a new apartment or even if you are anticipating a renewal notice from your current landlord.
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