CP Lie: US Rents Soar, Housing Prices Up Enormously In Last Year While CPI Says Rent Up Only 2.4%

Sharing is Caring!

 

Owners’ equivalent rent of residences, which makes up almost a quarter of the consumer price index, rose 2.4% in July from a year earlier versus reality where rents on newly signed leases surged 17% in July when compared to what the prior tenant paid, reaching the highest level on record, according to RealPage.

See also  US Workers Made Only 8 Cents More Per Hour, Inflation-Adjusted, Than In January 1973 (While Real Home Prices Soar)
See also  Enough is enough! Walmart employee quits her job over the PA system while bashing her former employment.

What Is Owners’ Equivalent Rent (OER)? www.investopedia.com/terms/o/…

Housing hunt turns to desperation with record rise in US rents www.theedgemarkets.com/articl…

384 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.