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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
by 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 agoThere are also jurisdictions with capped rent increase amounts, which can be in favor the other direction
- runako 5y agoGenuinely 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 agoI 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.