CNBC: “Midwest power & energy situation bad and getting worse. Power costs up 300%, Utility bills may go up 50%. Yes, 50%” | NPR: Rents across U.S. rise above $2,000 a month for the first time ever

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Biden’s “best economic recovery in history” continues with median monthly rent passing $2,000 for the first time

But she keeps getting outbid when she makes offers. And now with mortgage rates up sharply she says she’s just been priced out completely. Meanwhile, continuing to rent is getting harder to afford, too.

Kim Drotar says her rent rising by 22% this year is making it harder for her to save for a down payment on a house.
Kim Drotar

“My rent is increasing 22% this year,” she says. “It’s harder and harder to save more for a down payment.”

A new report from Redfin shows that nationally listed rents for available apartments rose 15% from a year ago. And the median listed rent for an available apartment rose above $2,000 a month for the first time.

PPI inflation rises 11%… Rick Santelli breaks it down

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Good breakdown. You’ve been warned…

h/t dr0id

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