4 ms·

Great point about the PMI. For rent growth, do you think I should use the home price appreciation rate or make a new rate? Right now rent goes up with inflatio

• runako 5y ago
  I would make a new factor, so that people can input expected increases for their areas. I would expect many urban areas will continue to see rent increases far in excess of the broader inflation number. Rents may not track home prices due to supply issues.
  • ska 5y ago
    There are also jurisdictions with capped rent increase amounts, which can be in favor the other direction
    • runako 5y ago
      Genuinely curious, having lived in 6 major metros across 5 states from coast to coast. Are these jurisdictions anything like common? Where are some of them? I would love to do some further research. I've heard of rent-stabilized units, but never an area where rent increases are capped.
      • ska 5y ago
        I had colleagues living in Ontario (Canada), perhaps just limited to Toronto? Anyway they had rent increase caps based on age of building which was surprising [1]. Also California has something like this since 2020 if I understand correctly. Some areas of UK also. I'm sure there are more. [1] If I recall correctly there was a process to apply an above-limit increase if you could demonstrate expenses, say a renovation.