The Crunch

[Jolly]

Remember all the folks who talked about cash flow, investing, mortgages and why owning your own home was a bad idea? Wonder how many of them have had their rent jacked up?

https://www.cbsnews.com/news/inflation-rent-gas-skyrocket/

[George K]

D2's rent went up 18% for her next lease (in May).

[Jolly]

Any reason? Other than "that's what the market will bear"?

[George K]

@Jolly said in The Crunch:

Any reason? Other than "that's what the market will bear"?

Don't know. We're driving up there this morning - I'll ask.

[taiwan_girl]

I am not an economist, but stuff like this makes me think.

It seems like there should be a balance. It is not like everybodies salary or net worth increased 18%.

Are there places where the rent is going down? Is that "driving" the rent increases in other places?

People leaving high priced places because they are able to work remotely so those places are goingdown?