Re:Consumer prices increase 2.6 percent
by notyourday on Tuesday May 11, 2021 @05:38PM
(#27123851)
That only happened if you managed to sign the lease during the dip. The rents started to appreciably drop last summer, this means that over the past 12 months only people whose leases expired between summer and now were able to lock in the savings. I, for example, was not that lucky. So I'm just not going to have a massive rent increase.
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That's a period of like 10+ months. Peak rental season is usually in the summer too. Most people who were on 12 month leases would have had an opportunity to sign a new lease in this time. Even if they didn't, it's not like rents have recovered, you can still get far cheaper rent in many areas and will likely continue to be able to do for the next few months at least.