Your Money Minute Renters Aren't Moving, And Paying More 5/23/25
May 23, 2025
Renters are staying put even as rents climb higher, driven by economic uncertainties and a tight housing market. This trend reveals why landlords are enjoying increased cash flow, despite the challenges faced by tenants. The discussion dives into the implications of this stability for both renters and property owners, highlighting the ripple effects across the housing landscape.
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Why Renters Stay Put
- Renters avoid moving due to high home prices, lack of rental supply, economic fears, and moving costs. - Many prefer suburban apartments for their size and comfort.
Landlord Advantages from Low Turnover
- Landlords raise rents as renters renew leases, benefiting from low turnover costs. - This improves landlord cash flow because they save on repair and turnover expenses.
Prepare for Higher Rent Renewals
- Renters planning to renew should prepare for rent increases that may outpace inflation. - Vacancy rates are down and rents are rising, so expect higher rental costs.