12-12-2023, 07:30 PM
(12-12-2023, 06:31 PM)BIGDADDYFROMCINCINNATI Wrote: Raising interest rates (That also includes home mortgages) is done independently by the Federal Reserve and it has to be done from time-to-time to slow down inflation.
coupled with big corporations buying up available housing stock at premium prices with all cash offers driving up both the market and subsequent rental prices for those units.
A push for builder's profits coupled with the NIMBY has virtually eliminated any building of lower-income housing
Apartment complex ownership has been consolidating these big companies also subscribe to a pricing company that uses the same algorithms across a city to set rents.
IN other words, like in most economic issues there are a myriad of reasons behind increasing costs.
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