Both the rental and home ownership markets are ossifying. Rents in some markets are +30% in past 2 years. If you're fortunate enough to be holding an old lease,

Both the rental and home ownership markets are ossifying. Rents in some markets are +30% in past 2 years. If you're fortunate enough to be holding an old lease, you're quite likely paying below market rent. Likewise, homeowners with mortgages would be giving up their refinanced interest rate (70% have rates below 4%) if they were to sell and buy a new primary residence. It's a real mess.