If rent continues to go up, that is bad for us. People won’t want to rent because they are too expensive and they will continue to buy houses. Then the housing price will never go down.
Can this continue? If there are too many houses on the market can not be sold, the owners may rent them out. If that is the case, rent shouldn’t go up.
Could this be the game the RE association are playing now in order to get people to buy?