The churn of apartments here by marketing to students continues relentlessly. I'm told some students don't even stay 1 yr when the find they can get cheaper housing across the street.
So legal rents are getting jacked up. Why would any families want to move in here if totally aware of the circumstances? If the legal rent for an apartment is relatively low, it still might be a good deal. But if the legal rent is quite high, on lease renewal the newbies will be at the mercy of the landlord.
One wonders if every new family considering PCVST realizes this. If they don't know, they should. And if they do know, they won't want to rent and the only real growing market moving forward will be students. More and more of them. Expect more and more student pitches.
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