Why Rents Are Rising
According to a recent article by Redfin, the average rent in the U.S. increased 14.1% year over year. Why are rents rising and when will these rents come back down?
1) We all know that we're experiencing the highest inflation rate we've seen in twenty years of 8.5%. This is a result of the Fed printing more and more dollars. In fact, 40% of the dollars in circulation have been printed in the last two years.
2) Demographics. Our nation is continuing to grow but our housing has not kept pace since the 2008 real estate crash.
3) Millennials and lack of buying opportunities for this generation. Many of them are at prime ages to settle down and purchase their first home. However, the challenge is that they're losing…
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