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A comment on Record rise in U.S. rents. Parent comment

Re:Record rise in U.S. rents by cronix on Sunday August 22, 2021 @02:29PM (#28268103)
> Neal Bawa explained that rent prices follow housing prices with about an 18 month lag.

I'm assuming that has a lot to do with leases and rental contracts? If you have a 2 year lease I can't raise your rent until it expires even if the property increases in value 10x during that time.

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Re:Record rise in U.S. rents by xx511134bz on Sunday August 22, 2021 @04:51PM (#28269493)
This came up. He is no longer renewing 1-year leases, he expects to increase rent twice in 2022, so he is moving to a six-month lease. He also said 2022 will feature the largest rent increase in American history.
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