Thu
May 19 2022
02:03 pm
Rents in the US just hit another record high
By: jbr

"Rents are not only maxing out renters' housing budgets, but are the biggest strain on their overall finances, even as inflation drives up expenses across the board," said Hale.

Rents in the US just hit another record high

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jbr's picture

Just don’t trickle down my leg

Submitted by jbr on Thu, 2022/05/19 - 5:42pm.

Just don’t trickle down my leg

bizgrrl's picture

We've discussed with people

Submitted by bizgrrl on Fri, 2022/05/20 - 8:46am.

We've discussed with people the option to sell the house for a profit, then rent and buy again when housing prices normalize.

The problem is rents aren't normalized and a person can't know what rent hikes they might encounter.

Up Goose Creek's picture

Apartment sales

Submitted by Up Goose Creek on Fri, 2022/05/20 - 10:37am.

An examination of Nick McBride's column (link...) in Knox TN Today reveals that almost every week the top property sale is an apartment complex.

It would be an interesting investigation to calculate the price per unit and how that compares to previous sales. The May 12 column points out that Quarry trail sold for 95 million when it previously sold for 45 million in 2020.

I don't know if this is a consequence of the Fed printing more money, the rich getting richer and wanting someplace to park their money.

I'm hoping someone with an economics background will weigh in.

No surprise with these sale prices that the rents go up, and the cycle begins again.

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