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> Neal Bawa explained that rent prices follow housing prices with about an 18 month lag. I'm assuming that has a lot to do with leases and rental contracts? If
by cronix 5y ago
> Neal Bawa explained that rent prices follow housing prices with about an 18 month lag.
I'm assuming that has a lot to do with leases and rental contracts? If you have a 2 year lease I can't raise your rent until it expires even if the property increases in value 10x during that time.
- xx511134bz 5y agoThis came up. He is no longer renewing 1-year leases, he expects to increase rent twice in 2022, so he is moving to a six-month lease. He also said 2022 will feature the largest rent increase in American history.