"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
The rates going up as fast as they have when prices are still high have killed buying as an alternative to renting in my city.
I feel for people who weren’t “smart enough” to buy during the pandemic, because unless prices, rates, or both drop dramatically, it looks like they may have been permanently priced out of buying and renting is only getting less affordable.
I agree. It sucks all around right now for anyone on the market to rent or buy. We’re all squeezed. Only people that had the luxury of owning and/or capital and foresight to invest are happy right now.
The wealth divide has only increased substantially.
But that doesn’t mean that rent is “predatory” except in the cases of long time owners hiking rates when their costs have stayed the same. The reality is that rent is closely related to the current cost of buying at any given time.
The rates going up as fast as they have when prices are still high have killed buying as an alternative to renting in my city.
I feel for people who weren’t “smart enough” to buy during the pandemic, because unless prices, rates, or both drop dramatically, it looks like they may have been permanently priced out of buying and renting is only getting less affordable.
I agree. It sucks all around right now for anyone on the market to rent or buy. We’re all squeezed. Only people that had the luxury of owning and/or capital and foresight to invest are happy right now.
The wealth divide has only increased substantially.
But that doesn’t mean that rent is “predatory” except in the cases of long time owners hiking rates when their costs have stayed the same. The reality is that rent is closely related to the current cost of buying at any given time.