Rising rents pushing lifelong renters to buy
Realty Biz
FEBRUARY 6, 2022
The pressure of rising rents is pushing more people to consider homeownership, but not because they’re particularly interested in becoming a property owner. Rather, it’s being seen as a way of reducing their living expenses. The Wall Street Journal reported that average monthly rents rose more than 14% year-over-year in December. Some cities, including Austin, Texas and Miami, have seen rents jump by more than 30% over the past year.
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