Inflation Beyond the Stars Thread for April 12
invite response
2022 Apr 12, 12:49am 163,684 views 1,720 comments
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1720
AD
2025 Jun 8, 10:07am
AD
2025 Jun 8, 10:07am
Rent going up
https://www.barrons.com/articles/apartment-glut-ending-demand-rising-rents-headed-up-ab2ade9d
The high cost of buying a home makes renting look good in comparison. As demand intensifies, rent hikes are on the horizon.
With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Over a third of respondents told Fannie Mae in April that they would rent instead of buy if they had to move, the highest share since October and more than the long-term average of one in three.
Rent growth slowed over the past several years as the largest surge of new multifamily buildings in decades began working its way onto the market. But that is beginning to ebb. Multifamily construction completions peaked at a roughly five-decade high last August, and are down 28% since then, census data show.
“Apartment fundamentals are past peak pain,” says David Kirshenbaum, the assistant portfolio manager of the $2.06 billion Baron Real Estate Fund. “As fundamentals improve, and as demand continues, many landlords are already talking about the possibility of additional rent spikes if we look out over the next 12 to 24 months.”
https://www.barrons.com/articles/apartment-glut-ending-demand-rising-rents-headed-up-ab2ade9d
The high cost of buying a home makes renting look good in comparison. As demand intensifies, rent hikes are on the horizon.
With house prices still high, mortgage rates stuck just under 7%, and plenty of economic uncertainty, consumers are once again seeing the virtues of renting. Over a third of respondents told Fannie Mae in April that they would rent instead of buy if they had to move, the highest share since October and more than the long-term average of one in three.
Rent growth slowed over the past several years as the largest surge of new multifamily buildings in decades began working its way onto the market. But that is beginning to ebb. Multifamily construction completions peaked at a roughly five-decade high last August, and are down 28% since then, census data show.
“Apartment fundamentals are past peak pain,” says David Kirshenbaum, the assistant portfolio manager of the $2.06 billion Baron Real Estate Fund. “As fundamentals improve, and as demand continues, many landlords are already talking about the possibility of additional rent spikes if we look out over the next 12 to 24 months.”
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net