As a native of England and not an economics professor I feel here it's because it's the only alternative to buying (many can't buy) and there's still a juicy pe

As a native of England and not an economics professor I feel here it's because it's the only alternative to buying (many can't buy) and there's still a juicy percentage of combined monthly wages /not/ spent on rent up for grabs. The market is bearing the increases by not saving, reducing food spend, etc.