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Wouldn't their rent go up at a similar rate since the home owner would be copping those tax hikes anyway?
by Loocid 2y ago
Wouldn't their rent go up at a similar rate since the home owner would be copping those tax hikes anyway?
- leetcrew 2y agonot necessarily. rent and market value are related, obviously, but they don't have to increase at the same rate. in some markets, property values can increase much faster than rent. https://www.investopedia.com/terms/p/price-to-rent-ratio.asp https://www.investopedia.com/terms/p/price-to-rent-ratio.asp
- throwaway2037 2y agoYeah, I agree. Rent is essentially capped by median income. If mortgage rates are cheap enough, housing prices will skyrocket, but median rent will barely budge.
- readyman 2y agoProfit