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Article Summary
- Rental costs in American cities are plummeting at the fastest rate in decades
- The shift is due to the economic impact of the COVID-19 pandemic
- Data shows that rental prices are dropping significantly in major cities like San Francisco and New York
- Landlords are offering incentives such as free rent and reduced security deposits to attract tenants
- The trend is expected to continue as more people work remotely and leave expensive cities for cheaper alternatives Tone: Informative
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Nine Major US Cities Where Rental Costs Are Plummeting Fastest
Rental prices across the U.S. decreased for the 15th consecutive month.
dailymail.co.uk
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