US Rent Costs Surge To Record Highs As Americans Expect Inflation To Get Worse

Zubu Brothers ^ | 6-18-2022

[SaveFerris]

Waiting for the pic...

[AbolishCSEU]

You can thank the eviction moratoriums for this. Mom and pop LLs are selling en masse thus reducing the available rental units. If sold to owned occupied then fewer rental units available. If sold to another investor, the price of rental going up is inevitable.

[entropy12]

[Mark]

The continued denial of real inflation rates is causing confusion among Americans

Democrat voters ARE confused!

[EEGator]

That guy is awesome.

[SaveFerris]

Woohoo!!

[rollo tomasi]

In that case the blame lies with the one who forced the lock-downs (The Trump administration/States trusting the admin) because... Who could pay rent if you were forced to NOT/couldn't go to work.

The lock-down might take a decade to recover from because it caused more economic stress to an already dire situation, from pension funding (Private and Public), to Social Security and Medicare Part A. Stuff is about to implode.

[Paladin2]

“...Americans expect...”

So, most Americans are smarter than Powell and that Yelling person?

Who Knew?

[blam]

Why Food Inflation Is Only Getting Started

[Freedom_Is_Not_Free]

Trump very quickly opposed wide scale shut down during covid, saying “we can’t let the cure be worse than the disease”. The problem was the liberal states stated locked down for another 6 months to a year. They refused to reopen businesses, crushing small business owners.

Yes, Trump presided over the initial shut downs when we didn’t know if we were dealing with a new version of the Black Death or what, but within weeks he was saying to open back up and just protect the elderly.

Liberal governors and liberal mayors own the damage from the Covid shut downs 90%. Trump, 10%.

[Irenic]

Sure, rent has to surge to pay all the property taxes and make up for government saying no rent is due b/c of COVID. So—it’s ALL governments fault.

[Lee25]

Democrats economy. A bunch of idiots voted for it

[Starboard]

Homeowners costs are going up as well.

— rising mortgage rates
— increased maintenance costs
— higher property taxes
— creeping HOA fees
— rising utility costs

If there’s a roof over your head you’re going to be paying more and more.

[sergeantdave]

Look up boarding houses and start building them. It’s a 19th century concept that worked fine for Americans.

You get a bedroom and two square meals each day - breakfast and dinner. There’s a community room to smoke cigars, sip cognac and follow your favorite sports team. And it won’t cost $2,000 a month.

[SaveFerris]

“Idiocracy”

Since 2008.....with a brief pause sabotaged at every turn by Hillary Inc.

[ducttape45]

Looks like bankruptcy is in the near future for me, as I’m sure many others are contemplating.........

[rollo tomasi]

Trump administration health officials/holding back Federal funds forced govs to lockdown. So how again could people pay rent if they could not work? Where does the “buck” stop again? This is not a democrat problem, it's all about ignoramuses and power whores regardless of Party affiliation.

[teevolt]

HOA costs skyrocketed at my rental.

[blam]

I used to go to a boarding house for their $2.00 country style all you could eat lunches.

Boarding houses as you described won't work anymore. They required people to be civilized, be polite and have some manners.