Rents are still going up, up, up!
According to this article, rents will outpace inflation as demand remains strong and supply remains low.
Builders are getting the message and trying to increase supply but that takes time and generally meets a lot of resistance from local residents.
It will be interesting to see how this shakes out in a few years. Will there be a glut of apartments that drive rents down? Will some of these renters be enticed back into the housing market? Seems unlikely right now but time will tell.
