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Hot real estate cools local apartment market

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Posted: Monday, February 7, 2005 10:00 pm

Renters, rejoice. Some landlords stung by high vacancy rates at rental homes and apartments in Lodi are offering lower rents and other concessions to draw tenants to their buildings. These move-in specials -- which often feature a free month's rent -- can shave as much as 10 percent off the apartment's yearly value.

Good news for renters. Bad news for landlords.

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