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Podcast: Get Rich Education
Episode: Rents Are Skyrocketing—Here's Why
Description: Rents are spiking 13-15% annually in America today. When they rise, they rarely ever fall again. This is why rent amounts are called "sticky". Learn why. Even when I was a landlord during the GFC fifteen years ago, my rents didn't fall. Rents are skyrocketing due to: Low housing supply Higher prices Higher interest rates Demographics. 25-34 year-olds are in prime household formation years. They want their own place. This is America's most populous age cohort. Next, I talk with an Alabama / Florida builder about how he overcomes today's material supply chain and labor shortage...