LVSteve
Member
Price increases in US:
...
Rent 5%
Source: Bureau of Labor Statistics
That one made me flat out laugh. If your rent only went up by 10% this year in this city your landlord is considered asleep at the wheel. Just about every night the local news has another family being made constructively homeless by rent increases of $400, $600, $800 or more a month.
There appears to be a concerted effort to push rents to Orange County, California levels, both for homes and commercial property. Why? The lure of quick money, I assume. All I can say is that the money had better be damned quick. Last time rent and home purchase prices went this nuts it all went to rats almost overnight in 2008. Come the next crash and the looming water shortage, I should get some training on a D9 Cat.