Rent Growth Slowing In High End Communities

Rapidly rising apartment rents in elite communities around the world, such as New York and San Francisco, witnessed historic jumps during the quantitative stimulus. But now that rent growth is starting to falter, a Goldman Sachs report notes. The same time the high end is tailing off, the lower end of the rental market in certain regions is beginning to show signs of life, however. This might provide a long/short investment opportunity. High end rent growth sags while the low end in certain markets moves higher Looking at the supply / demand market forces that shape real estate in a rising…