> landlords have no problems keeping tenants increasing rent 3-10% year over year.
Where are the accompanying income increases coming from? Clearly not W-2 income. What can't continue forever does tend to stop. Or at least what happens on an extremely small scale can't be the case over an extremely large scale. Can't squeeze blood from a stone...
Also never forget the cost of home ownership isn't the mortgage, at least when compared to renting. That's only about half, once the numerous additional expenses are considered. My bachelor pad rent included everything but the electrical bill. Mortgages do not pay the gas bill or for a roof or a new HVAC system or water bill or (generally) property taxes or ...
Where are the accompanying income increases coming from? Clearly not W-2 income. What can't continue forever does tend to stop. Or at least what happens on an extremely small scale can't be the case over an extremely large scale. Can't squeeze blood from a stone...
Also never forget the cost of home ownership isn't the mortgage, at least when compared to renting. That's only about half, once the numerous additional expenses are considered. My bachelor pad rent included everything but the electrical bill. Mortgages do not pay the gas bill or for a roof or a new HVAC system or water bill or (generally) property taxes or ...