cbsnews.com/news/us-apartment-rent-hike-pre-pandemic-price-levels/?ftag=CNM-00-10aac3a

“According to Hale, rents are growing fastest in cities seen as viable alternatives to large urban areas. The fastest-growing rents "tend to be in areas that are affordable, that are not super far away from the large urban areas, but far enough away that you can get a good deal," she said.”

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“After dipping last spring, rents around the U.S. have not only recovered but are now blasting past their pre-pandemic levels. In 44 of the nation's 50 largest metro areas, rents have surpassed where they were before the health crisis, according to data from Realtor.com.”

$600 for a one bedroom

I wish

Yeah no s***, it’s because of blackrock buying up all of the real estate at an insanely inflated rate far above the market norm. It’s not just messing up the rent/housing market, it’s causing tons of commodities to skyrocket because relative index pricing is largely tied to real estate. Blackrock May single handedly be accelerating destabilization in the US

I'm paying $1300 fym 600

Interesting, thanks for the info. I had heard about investment firms buying up whole neighborhoods and s*** but I didnt put too much time into researching.

I know cities like mine in Boston have done some housing management with Airbnb and such but has their been any addressing of this issue nationally? Im a little out of the loop admittedly

It’s a national issue that is being addressed solely by pundits and editorials, there has been no political conversation of it whatsoever as far as I know. It is a literal danger to society that companies like blackrock are allowed to exist

Lmaoooo about to be paying 1350

Wait till moratoriums and EDD bonuses end in 2 months

Mass homelessness

That's not even including the $45 Cable fee I don't use but required to have. The $45 internet, the $20 Trash fee

How you forced to pay for cable? Only extra pay has been electric/heating for me

even $1300 got me jelly

That’s cheap af

i know

Squatting in vacant homes was what the founding fathers intended

people on KTT could even tell u that.

i’m lowkey worried about when i graduate college i’ll have to get in an arranged marriage and see what the dowry hitting for or something idk

Although I’m sure it’s related blackrock is definitely not the sole cause of this. Not even the majority

It's vacant, just take it!

Just buy a house and rent it out, dumbasses

Facts and wages aren't matching

Yeah duh

Large cities becoming too expensive means the demand moves to smaller ones.

Basic supply and demand

It’s already that much now

:word: $900 and up in Jersey. F*** this trashcan state

these lazy ass businesses arent paying us based on inflation

we still getting paid the same like 20 years ago!

You will own nothing and you will be happy