Rental Fever

 
Rental costs are increasing faster than home values for the first time since 2012.

Rental increases outpaced property values in 20 of the 35 largest U.S. markets last month, according to Zillow .

 


Source: Bloomberg

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  1. Iamthe50percent commented on May 27

    People paying off student loans can’t come up with a down payment but can come up with a security deposit.

  2. CDizzle commented on May 27

    That’s one factor. Other include:

    – Lack of rising wages.
    – Milennials not taking the bait on wealth accumulation due to home ownership.
    – On a percentage basis, significantly less parents willing to put up down payments for twentysomethings.
    – Change in values (convenience vs. pride of ownership, etc.).
    – Tequila!!!

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