Loading ...Remember when they were giving cheap loans to everyone. I watched in front of my house as people running down the streets after trying to find parking to buy a house. It was a mania everywhere. Rents went down because people moving out. Then the crash hit. Rents stayed down for a bit because people were leaving the state as jobs went with them and even renters leaving for more affordable areas or with family.
Then…the economy started leveling out as people managed to find other forms of income although wages still stagnant. Housing initially cheap as a lot of foreclosures.
Then the games started to raise interest rates while at the same time now with all these people moving into apartments either foreclosed or walked after the crash then foreclosed. That gave the incentive to raise rent.
One of my daughters who rent without a lease had a 200 dollar increase in last couple of years.
Now housing prices too high as wages not going with it.
Until things level out, people buying selling with level low percentage increase instead of great increase last few years and wages raising for now best to get a lease. But if you do get one where you have a out incase you need it. Like you pay them a certain amount like equal to one months rent or similar with a months notice or equal to two months or so.
Their idea of the threat of raising interest rates will cause buying isn’t working as well as they hoped because wages wont afford it. They’re destroying the middle class.
Greensea
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