what is missing is -- from the market - common sense.
many people don't realise the advantages you have cited - and, IMO will go for the new looking swish, gmy and pool (I am talking about renters mainly)
this will pressure the older properties - but, they will be pressured anyway because of the flood of supply that will drive prices south at a great rate of knots.
Of course - the dropping returns will also then create the price of the properties to drop.
Rising interest rates will of course induce landlords to hold rents up - to help with mortgage payments - but, it will be in vain - and if they don't drop their rentals - they will go empty - which will give them negative returns (once costs are calculated).
It will be a very good time to pick up bargain basement property IMO.
have a great day
Pinto
I don't know if this link will work - but, it is worth a read - it's about 18 months old.
