Guess where residential rents are heading?

Each month, many people are faced with the decision of renewing their rental lease for another year or purchasing their first home. One of the questions that must be answered before they make a decision is – “Where are rents headed?”

The Wall Street Journal recently wrote an article on this issue. Their conclusion:

“Apartment rental increases slowed in the first quarter from a year earlier, but the move is more likely a temporary blip than the beginning of a long-term respite for renters.”

The article goes on to quote Ryan Severino, a senior economist at Reis:

“I wish I had a better story to tell renters these days, but I think they’re in for some rent increases for the foreseeable future.”

Probably the most interesting part of the article came in the Comment Section where a proud landlord proclaimed:

“As a landlord I can tell you I don't pay property tax. I don't pay for repairs. The tenant pays. I get my money off the top.”

68ce9d4a e5ea 4238 9238 f8cd972e8622 4bf6a724 83c1 4809 9f27 4f730e24863d 2d893709 834a 48e8 bb03 2717b1e31b3f 16887c80 2ae0 4836 aace 97559f37dd85 4d50db2f 1a4b 49ef aac7 496f3c41e5e0 45b94374 6aa1 4b98 852d d4706ab7acdd 83cb9da5 6602 489d a1b5 ab0b6c8ba39e 06cbec7e 84d0 4d83 a308 39783d6ef53c 70ed74bc 7c12 4c01 9cd0 c215511b154a 6e8330ae 45bb 4780 9251 a1603b8a552b c6e2383b 291f 4efe accd c3a705f1aa72 4d7538e4 bd0d 4db2 8dcc 9a63e228c5e1 7515382a 2bc1 4f24 9b3e 3fb9a24cb03a edacf217 7015 433e 82a4 a15817a2cc29 6e723393 623b 4b48 9f2d 0bf862ba35ca 0e53c033 23d2 48cc b86e 53706fba2119 10eb68f4 addd 482d ad29 b1bedc952f43 9911079a 3941 4e28 9d04 051f7cdbdf23 8af85c1e 38b7 436a b331 71f041e640f8 5a77bb3a 513a 4944 a856 d486adc6ae62 6d095210 db7e 4a9d 8b13 398b47578272 9c4565eb 187e 4f0c 9563 9e1f899161e9 12499cdf 086a 4517 a96a 7b1c64f969c0