(09-17-2024, 08:46 PM)mikesez Wrote:

(09-17-2024, 08:39 PM)Jag149 Wrote: As far as rental cost a lot use the 1% rule. It is just a rule of thumb.  Zillow has a nice article.
https://www.zillow.com/rental-manager/re...house-for/

Additionally historical rent info here. Amazing that it spiked as the current administration attacked fossil fuel and enacted their policies, without a plan to mitigate the damage other than rolling them back before the election.

https://ipropertymanagement.com/research...nt-by-year

The rent increases were not the same nationwide. It wasn't a nationwide problem.  They were worse in FL and AZ.  
The things Biden did affected everywhere about the same.  Gas prices went up about the same everywhere.  COVID subsidies went out about the same everywhere.  Yet rent increases had huge regional variation.  This was true before Biden as well.  Rents were going up faster in places where home construction was not keeping pace with new jobs.

The data clearly shows from 2000 till 2020 rents increased about 3% nationwide, with the exception of the fall out of the 2008/9 housing crisis. During this period there were so many houses on the market it fell for a couple years. In 2021 it rose to 6.76% it stayed above that peaking in 2022 at 7.95%. They rolled the energy restrictions then and it fell to 5% level in 2023. If Kamala is elected and she does as her record says and not what she is saying now look for more of the same.  Hope you do not rent cause it will be painful. Did you look at the data at all?

PS the President does not have the power to impose rent control. Only congress can do that. It would most likely need to be an admenment to the constitution as well requiring 2/3rd's votes.

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