2014 Nov 21, 11:41pm
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They dont expect things to slow down either, Rent.com noted in a press release, as 63 percent of property managers predict that rental rents will continue to rise by an average of 6 percent in the next 12 months.
Since the recession, the demand for rentals has continued to rise steadily, and real estate experts are predicting that rents will continue to rise for the foreseeable future.
The 2014 Property Owner and Manager Report claims that 85 percent of property managers raised their rental rates over the past year, according to a report from Rent.com released earlier this month.
And there was any reason to think different because why???
Just saying it is not as equally attractive to be a renter compared to being a home owner.
Patrick, you have any comments about this thread ?
It really looks like YMMV as far as affordability is concerned.