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High rents in many places. The cost of homes going up because of lack of supply and now because of mortgage rates. Where I used to live the cost of starter home
by AmVess 4y ago
High rents in many places. The cost of homes going up because of lack of supply and now because of mortgage rates. Where I used to live the cost of starter homes has gone through the roof, and there's tight supply. I rented them out for $1k-ish and now rents are double that...all in about 5 years.
Add in landlord unfriendly policies, and rents go up even more. In some areas, these policies are driving out individual landlords, leaving only institutional investors who look for any excuse to raise rents.
Rents are expensive now with no end of increases in sight.