used to lie flat to collect rent, but now the landlord has a sad face. Since the second half of last year, landlords in Shanghai have generally felt the downward pressure on rents. The rent of some houses has even dropped by more than 1,000 yuan, but it is still difficult to attract tenants. What's going on here?
Not long ago, I met a little girl who was working in Shanghai. She had shared the house upstairs from my daughter with several young people. During the small talk, she told me that she was an only child in Guangxi, and that the breadwinner of the family had passed away from cancer at the beginning of the pandemic. Faced with the hardships of life, she once wanted to go home to accompany her lonely mother, but in the end she stayed in Shanghai for life.
However, the tricks of fate did not stop. In 2022, the company she worked for laid off employees, and she unfortunately became one of them. After several efforts, she still failed to find a suitable job, and finally had to return to her hometown in Guangxi with regrets.
On the day she checked out, I saw her throw away something she didn't need downstairs. Those things have witnessed her hard work and dedication in the past few years, and now she has to give up. She said that the landlord's ** has been laid, and there may be only one other tenant left after the house is vacated.
Her story is just a microcosm of the many young people who are struggling in first-tier cities. When job opportunities decrease and the cost of living increases, they leave for a better future, which also directly affects the demand in the rental market. Many landlords find it difficult to find tenants even though rents are significantly reduced.
This era of landlords lying flat is really over. In the face of changes in the market, landlords need to rethink how they adapt to the new rental environment. As tenants, we should also cherish the present and strive for our future.