[quote=joec][quote=SK in CV][quote=joec]
We all know rents have been going up 5-10% the past few years… [/quote]
No, they haven’t.[/quote]
You’re saying rents aren’t up 5-10% since 2008/09? I am not saying it is up 5-10% EVERY year, but definitely up that much the past few years to make the rent/own equation not that obvious for most folks and why people are rushing in since their rents are going up, mortgage rates are lower, etc…[/quote]
5-10% total over 4 or 5 years? Yes. Rents were pretty much flat in most parts of the county in 2009 and 10. They rose in 2011 and 12. It’s possible that rents overall are 10% higher now than 2008, but probably not much more than that. I don’t think we’ve seen a 10% increase in rental rates in any one year in a couple decades.
