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.”

473cc797 6435 479b b414 70661ace787a cb85139c 6a1b 4fef 8cbc edeb266f48d3 f9d4bb6c a588 40f1 9d44 4d5fa6c257ba 69c50927 f290 4b12 aca3 7e9a7d76db0f 38517da9 ff16 4dd2 9340 3f644077d5dc 5ca1c4f7 bba0 4813 8851 9585744f4323 2caa0b5c b3fe 4695 952b 7e2ab7596511 156997db 19a0 4028 af5c 4aae36a839e8 908c9360 54d6 4ba7 8ee9 806b43df6262 d80ac096 e509 4b6e a053 dca5814b844d 9769ee57 5bc2 43e6 8ab1 91fcdc44c1af d3439a26 9e0b 44aa 8092 e5dcab704a22 e536506a b1ab 43b7 869a 1861b3539a2e 2ed7217f 23ed 45fc bf9e d41088f7afa2 7c4c353a 40e1 40d1 884f ae917a2b830a 05eee61b d004 4e1d 9be1 184e3834d312 1076259a 393a 4b26 9111 35e8c31884c8 1e837f39 8862 4b33 848d e493b92bc7f0 370aecd4 ae48 4efa b215 eb125c252726 cdf202a5 f8da 484b 8d07 7135a1937da8 2f790a4d bc55 41ba 9c38 7877b1867242 2181cf0e 7e71 4729 a5fc c8d461d2632f 5e979e94 cd7c 4f14 a2b2 5aca67589026