Impact of Inflation and Rent Increases

The Biden administration highlights a slowdown in inflation year over year, which they consider a positive trend, but the stark reality is seen in rent increases of up to 14%, which is devastating for many. Initially, it was dismissed that corporate profit motives were a significant factor in inflation, but now it's increasingly evident that corporations are driving price hikes to boost profit margins. There's a nationwide trend of rent collusion among large landlords, utilizing algorithms to maximize rents, leading to legal actions and contributing significantly to inflation. The combination of these factors contributes to a challenging economic environment with supply chain issues.