Rental Rates have finally caught up to the Housing Correction as we have 2 consecutive months of rental rate decreases. It is safe to say that the overall economy has caused financial issues for many people and it is clear that with inflation and the increase is costs of just about everything, the average person cannot afford to pay increasing costs for Housing, including rent. Landlords have started to slash their prices as they are now feeling the effect of this. The main issue is that The FED looks at Rental Rates, but they look at rates that trail 6 - 9 months behind and they are basing their policies on past history, as opposed to real time stats. On an additional note, noted financial personality Peter Schiff has stated that the Housing Market is crashing and it will be even worse than what we experienced in 2008 and we are also on the cusp of a massive financial crash.
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