Okay so 80% is an exaggeration. 30% isn't.
Is there a typo here? You have to sign a longer lease but you are paying the same per month... that's a 0% increase.
And as for month-to-month, paying zero premium for a month-to-month lease is abnormal in pretty much every market...
Signing a longer lease demonstrates that the new lease isn't like the old.
Otherwise let's compare apples and oranges in the economy too.
>> 30%
> same price per month, longer lease
So... zero percent inflation.
But this isn't even the most confusing part of this thread. The most confusing is your next comment in the context of your concern about inflation.
> Signing a longer lease demonstrates that the new lease isn't like the old.
Okay. But if you earnestly believed what you're saying about inflation then locking in 2019 prices for 15 months instead of 12 months would be a GOOD thing for you! You'd be locking in a fixed price for a longer duration during a period of high inflation. I've signed a three year residential lease in markets with high housing inflation and felt like I was getting away with murder (and I was under-paying by about 500/mo toward the end of that lease). If you expect inflation, then you want longer leases at fixed-in prices!!!
The price per month of your housing has increased ZERO percent, AND your landlord is betting AGAINST rent inflation in their market.
2. That's not reflective of the rental market in Houston (I'm from there and going back for a graduation tomorrow), that's reflective of your landlord charging you for the convenience of not moving.
https://www.rentcafe.com/apartments-for-rent/us/tx/houston/#...
There's no major* rental market in the US where this is the case.
* - There could be some oil boom in a 300 person town I don't know about I guess.