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Blood and Stones: "landlords really cant extract much more rent"


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2014 Mar 17, 5:28am   874 views  2 comments

by John Bailo   ➕follow (0)   💰tip   ignore  

Fed Inflation Goal Is Elusive as U.S. Rents Stabilize: Economy

The costs to lease residential real estate, the second-biggest component of the price measure tracked by U.S. central bankers, helped put a floor under inflation over the past two years as most other components decelerated. Now, with builders cranking out a record number of multifamily buildings and the job market still far from tight, the outlook for rents is the bleakest it’s been in four years.

http://www.businessweek.com/news/2014-03-12/fed-inflation-goal-is-elusive-as-u-dot-s-dot-rents-stabilize-economy

#housing

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1   fedwatcher   2014 Mar 22, 3:16pm  

Rents cannot rise faster than incomes. In the San Francisco Bay area, incomes are rising fast enough to drive up rents. In many areas rents are declining.

2   futuresmc   2014 Mar 22, 3:36pm  

While I agree rents can't really go much higher, landlords can extract more value from their rentals by lobbying to have renter protections reversed.

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