Why is rent so expensive at the moment? Who has been most affected by rising rent prices? Will prices drop? Demand for affordable housing has surged even as luxury rentals have emptied, leading to quickly rising prices in the market segment that can afford them least. Economists claim that, for lower-income households, the cost to rent is disproportionately higher. Keep reading to find out why rent is so expensive and what the solution is, according to economists.
Why Is Rent So Expensive? Economists Weigh In
