Why Is Rent So Damn High?

"rental growth rate will come down but rent prices themselves will most likely stabilize at a level that is somewhere higher than where it was before the pandemic started"

"the three credit bureaus that make up your credit score Experian Equifax and Transunion will stop reporting any medical debt under 500 on your report"

"any new medical debt that you incur will take one year here to appear on your credit report instead of the six months like it used to"

"in 2021 you needed to make 76 000 per year to afford the average house but fast forward to today and you need to make over a hundred thousand dollars a year just to buy that same house"

"rent versus buy calculator from The New York Times it's an incredible tool and I know that buying a house is an extremely emotional thing to do but when it comes to money you should just know all the facts"

"the average house price is down six percent from its peak in June of 2022 and this also makes perfect sense because it was the areas that experienced the fastest growth rate in 2021 that are now seeing the biggest correction"

"nationally speaking the average house price is down 3.5 percent from its peak"

"rental prices are trending down as well this blue line right here shows that rental rates are trending downward"

"the idea this inflection point that we see at the top is going to hopefully continue to go down until we stabilize somewhere between the four to six percent range which is where it should be in a healthy economy"