In a high demand market though? My landlord had like 3 tenants go over the last couple of years and they had a new one moving in that month basically to no affect on their cashflow. Whenever I applied for apartments in this town it was always tour the place and be prepared to sign a lease right there because you have no time to think before someone else bites. Maybe thats true when you have a failing local job market but that isn’t the case in high housing cost regions by definition.