People in communities across California have been asking why their rents are so high when interest rates are at an all-time low after the recession.

Why is rent so damn high. The primary reason for high rents as economists real estate agents and developers in the islands all agree is simple. Why Your Rent is So Damn High External Link to Original Content In 2017 about 43 Million Americans spent more than 485 billion on rent which is the most money ever spent on rent. It really doesnt matter what the other factors are.

Why Is the Rent So Damn High. Rising rents are being caused by a number of factors including lack of affordable housing and an increased desire among millennials and baby boomers for flexibility. Access to secure affordable high-quality housing is an issue that touches many aspects of a persons well-being.

Wall Street has a new scheme to keep rents high and money flowing into the pockets of wealthy investors. The Rent Is Getting Too Damn High By David Weidner January 25 2018. High demand low supply leads to high prices.

People with money want to live there. For the short term that means rents are only going to go higherinflicting serious pain on the poor on young people and on those whose credit history locks them out of the mortgage market. How can it be that homes snapped up by.

Ima keep it short We need big infrastructure projects in urban areas to make it so we can hold more people in cities like NYC or SF or Boston where the rents are increasing to astronomical levels but incomes barely increase. Jul 16 2018. Finding and buying a home is tough these days but paying the rent isnt much easier.

But one thing we havent seen in all those conversations is a discussion of why the rent is so damn high. An economy previously built on dispersed manufacturing has transitioned to white collar jobs in urban areas like Californias Silicon Valley and the supply of new housing hasnt been even remotely. The rent is too damn high.