Increases in rents--both market rent and owners' equivalent rent--account for a substantial part of the increase in core inflation over the past year. The acceleration in rents may have resulted in part from a shift in demand toward rental housing as families found homeownership less financially attractive. Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases. However, the extent and timing of that expected slowing is not yet clear.
- Ben Bernanke March 28, 2007
Apartment rents heading higher for 3rd year in a row USA Today January 11, 2012
Ben, Ben, Ben.... tsk, tsk, tsk..... Have you ever operated outside of the White Ivory Tower?
Keep in mind motherfuckers - rents are within the Fed's formula (CPI) for measuring inflation.
So for all you fuckers out there that have ever rented an apartment in the 'hood - what's your landlord gonna do when there's you AND TEN OTHER SWINGING DICKS OUT THERE wanting to rent his flea bitten one bedroom piece of shit apartment with no parking and a 15 year old hot water heater???? What's he gonna do when you fuckers are kung fu fighting over an apartment??? He's gonna tell you to "show me 'da money!!!"
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