I don't think rent has gone down in my 35 years of breathing...
Right after lockdown COVID restrictions got slightly lifted from the full-scale lockdown in a European country, the prices slightly dropped for some months, only to start raising again (and this month is all-time record for raises).
It did temporarily in Sydney in 2020/2021, but back to normal now
I seem to recall an event in 2020 where rent in NYC of all places drastically dropped.
Bingo! Let's just do that again...
Here is what I don't understand. Interest rates keep going up so mortgages keep going up so rents keep going up (this is more pronounced in places that have shorter mortgage terms like Canada). Then we bemoan inflation in housing?
The general public bemoans inflation in everything all the time. I’ve been hearing about the overpriced real estate market and the upcoming bubble burst since 2013.
Rent's up .4 percent, or around 5% annualized. Rent's up but not very much.