And Now Prices Are Really Soaring: June Rent Jump Is Biggest On Record

Nation & State ^ | 6-29-2021

[blam]

Families Fleeing California Bay Area Causing Housing Frenzy in Austin, Texas

[griswold3]

Highest consumer confidence since February 2020.Dow hits new market high.
(Roaring Twenties again?)

[Starboard]

Transitory? So was World War II.

[a fool in paradise]

investors are over-spending on real estate and want to maximize their profit ASAP. No need to bow to local market prices if they all raise rates lockstep.

[Bayard]

I’m too busy borrowing money for options to care.

[blam]

Why The Fed Is Dead Wrong On Inflation: Americans Have $3.5 Trillion In Savings For A Sunny Day

[hardspunned]

When the heck did the DC lie “transitory inflation” become “transitory HYPERinfation”?

[ChinaGotTheGoodsOnClinton]

Thank you Obama

[webheart]

I don’t take seriously someone who uses a word like stimmy, ostensibly to save typing 2 characters. Either that or trying to sound cool? In the first couple of paragraphs there are a couple of not well written sentences. I don’t want to decipher what they are trying to say. Editing is good. Not to mention that it is pretty well understood that inflation is upon us. It was inevitable. I told people that were getting the free money to spend it right away because inflation is coming. That was ten months ago. I also predicted that commodity prices would go up because of the flooding in China. That was a year ago.

[GOP Poet]

bookmark

[webheart]

Of course rents are soaring. The “pandemic” gave people months and months of free rent before they moved to tents by the freeway. Landlords have no way to get that money back but they still have the mortgage expenses and taxes to pay. Did anyone give landlords a moratorium on mortgage and tax payments?

[sauropod]

Bkmk

[blam]

"When the heck did the DC lie “transitory inflation” become “transitory HYPERinfation”?"

Here:

BofA Crashes The “Transitory” Party: Sees Up To 4 Years Of “Hyperinflation”

[a fool in paradise]

>>Households are saving for a sunny day

So let’s all hand it over to the trillion dollar corporatists because they need it more

[Magic Fingers]

“I don’t take seriously someone who uses a word like stimmy, ostensibly to save typing 2 characters.”

Likewise. Quite lame.

[M Kehoe]

Bttt.

5.56mm

[cgbg]

Landlords can raise rents as high as they want—as long as renters are willing to pay it....

That can vary market by market, what folks can afford and what alternatives are available to them.

What landlords want and what they can get are two different things...many landlords have learned that lesson the hard way.

[Caipirabob]

Praying for Floridians that it doesn't happen, but if a hurricane hits, there are terrible shortages on parts for things like Air Conditioners, refrigerators and other critical devices.

Had a friend who had an A/C unit break down and was lucky to get a loaner window unit for a few weeks while parts were on order.

Imagine everyone needing parts.

Please be prepared with backup units this season.

That may slow prices come the fall, but thinking on it again, a hurricane is NOT going to strike. /positive thinking

[packagingguy]

Look at Memphis, it has as steep rent increase as any. Come join the fun! Just don’t forget to bring your shootin’ irons!

[blam]

"Had a friend who had an A/C unit break down and was lucky to get a loaner window unit for a few weeks while parts were on order. "

I bought an extra window unit three weeks ago just as a back-up for hurricanes.