"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."
It’s also partially pricing in the risk of another eviction moratorium. It’s still recent enough in landlord’s that the government could take away their recourse for non-payment.
Especially if the conditions and the shit neighbors haven’t improved. It’s totally not worth warranting to pay that much.
My rent has thankfully only jumped $20, according to the new lease. But I predict it’ll jump further in the future.
The problem is in the line - corporate landlords. Both foreign and domestic.
It’s also partially pricing in the risk of another eviction moratorium. It’s still recent enough in landlord’s that the government could take away their recourse for non-payment.