The calculus behind those rent increases

Marketplace

News, Business

4.6 • 8.6K Ratings

🗓️ 25 January 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, the White House announced a slew of actions aimed at helping renters. Though we’ve seen recent glimmers of a cooling rent market, the national median has shot up more than 20% since 2020. So how do landlords set rents in the first place? We explore. Then, we’ll examine the limitations of the Federal Reserve’s preferred inflation measure and visit an irreverent beverage company making canned water cool.

Transcript

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0:00.0	Busy making budget plans for the business year ahead, we've got you covered.
0:05.4	Switch to three business and choose from the latest handsets with unlimited data in our winter sale.
0:10.6	Plus, our business price promise means if you find a cheaper deal from one of our biggest competitors, we guarantee you to beat it.
0:18.1	Search three business or visit us in store.
0:21.1	Business price promise means we'll beat it directly.
0:24.4	Quote you've been given my e-vote for 0.02 for business plans by at least £1 per month.
0:31.2	Time's apply, search three business price promise.
0:33.2	Housing!
0:34.2	What do you think?
0:35.2	Been a while since we've checked in.
0:37.2	From American public media.
0:39.2	This is Marketplace.
0:41.2	In Los Angeles, I'm Kyle.
0:51.5	Resolid is Wednesday, today, the 25th of January.
0:55.0	It is always to have you along.
0:57.1	Everybody, we begin today with the American Housing Market.
1:01.0	The American rental housing market to be precise and how rent comes to be the rent in the first place.
1:08.6	Today, the White House announced a bunch of things it's doing to help the 44 million or so American households that rent the roofs over their heads.
1:15.9	The Federal Trade Commission is going to look into whether some tenant background checks are unfair.
1:20.2	The Federal Housing Finance Agency is going to look into limiting big rent increases and the properties that that agency helps finance.
1:28.2	While it is true that, yes, rents in some markets are finally cooling, the national median rent though is still up more than 20% since the beginning of the pandemic.
1:36.8	That's from the website, apartment list.
	...

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