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Written by:

John B


Date added:

January 11, 2017








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2 / 519


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A shortage of two-bedroom apartments was created and the market exerted upward pressure on the rental rate. Another reason for change was the neighboring communities have much lower rental rates and the rates needed to be lowered to compete. The third reason for a change was the news of Lintech moving their offices to Atlantis...
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The rental rates on every vacant and temporary, month-to-month lease renewals will be increased because of the demand. This change did not affect the supply apartments, but the demand increased causing the demand curve to shift to the right as displayed in Graph 1-1. Graph 1-1 Graph 1-2 A change in housing preferences caused a shift from two-bedroom apartments to occupant owned detached homes...
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