Medium US rent prices rose nearly 20% in 2021; experts say no end in sight for 'insane' levels

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Experts say many factors are responsible for astronomical rents, including a nationwide housing shortage and low rental vacancies.

With soaring demand, microchip shortages and supply chain issues, buying a new car has never cost more.

Economists worry about the impact of rent increases on inflation because the big jumps in new leases feed into the U.S. consumer price index, which is used to measure inflation. Things have gotten so bad in Boston, which has nearly overtaken San Francisco as the nation's second-most expensive rental market, that one resident went viral for jokingly putting an igloo on the market for $2,700 a month."Heat/ hot water not included," Jonathan Berk tweeted.

According to the U.S. Census Bureau, rental vacancy rates during the fourth quarter of 2021 fell to 5.6%, the lowest since 1984.

 

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Medium? What abou large an small? Please tell.

There are six vacant homes for every one homeless person in America. Tax the people sitting on empty homes and shame them for their untenable greed.

Greatest scam of all time.

In case you haven’t noticed, prices for everything are rising fast. Elections have consequences, at least there’s no more mean tweets though right? 🤡

It's called gouging. Landlords shouldn't be able to jack up prices this way, especially while there is a housing shortage. Just like you can't charge 40 dollars for a bottle of water during a disaster. It's not rocket science people.

Price gouging and no one in government seems to want to do anything about it. Only three states have rent control

Also greedy landlords

18 million empty houses is a housing shortage, who knew?

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