Episode 19: The Economics of Anxiety: Why 2026 Renters Are "Vetoing" Your Stars

January 28, 2026
In 2026, star ratings alone no longer tell the full story of a property’s reputation. As economic pressure reshapes renter behavior, the words inside reviews now carry more influence than the number at the top. On this episode of The Multifamily Review, Marcus Armstrong explores how rising rents, shrinking savings rates, and declining consumer confidence have created a new renter mindset driven by risk avoidance. Today’s renters are not looking for reasons to lease. They are looking for red flags that give them permission to walk away.
 Episode 19:  The Economics of Anxiety: Why 2026 Renters Are
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J Turner Research found that 45.1 percent of prospects now fall into a group called “The Skeptics,” renters who operate with high fear and low hope. In this environment, even high-rated properties are vulnerable. Just two reviews mentioning issues like pests, security, or hidden fees can trigger an immediate “Veto Effect,” eliminating a property from consideration regardless of how many five-star reviews it has. This dynamic has created what J Turner Research calls the “Reputation Tax,” a measurable drop in a prospect’s likelihood to lease based solely on recurring negative themes found in review content.

Technology is accelerating this shift. More than half of renters have already used or considered using AI tools to summarize reviews, and those tools do not care about star averages. They surface keywords tied to risk, pushing high-severity issues to the forefront of the decision process. This is why J Turner Research is evolving the ORA score to be content-aware and psychologically informed. In a market defined by financial anxiety and skepticism, reputation is no longer about managing stars. It is about managing the story your reviews are telling and removing the risks that cause renters to walk away before they ever schedule a tour.

Are you ready to build a better comunity with happier residents?