Hold Your Pad Down…Rent’s Going Up

Hold Your Pad Down…Rent’s Going Up

Recent studies have shown that rental vacancies have dropped dramatically in the past few years,  and the amount of available space is only decreasing.  More twenty somethings are opting to live on their own, moving out of daddy’s basement and into a studio apartment, instead of living a thin wall away from a roommate that keeps you up all night with his wheezing.  It makes sense.  Fresh out college kids seem more impatient these days, especially with other people.

And so, as you might have noticed, there’s less availability these days, which means the demand is gaining on the supply.  This is precisely why many people expect a huge spike in rental rates in the next two years.  So before your lease ends and you’re search begins, consider renewing, it could certainly save you some money.

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Housing Assist Coldwellbanker