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The Effect of Rent Increases on Consumers
Workers slash consumers are feeling good enough that they're willing to pay for higher prices on things like concert tickets and haircuts. How do we make sense of that? Well, if you think about it, a rental agreement is really sort of a bet on the future. Another thing we probably want to think about with rents is that you've got a certain population that's renting. And they're the people who are likely getting squeezed pretty severely by inflation right now.