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Avoiding the rental trap in 2023

Beyond Realty

Today Darren Dowling covers "Avoid the rental trap in 2023"

Avoid the Rental Trap in 2023

Making the decision to rent or buy can be difficult, especially when it comes time to renew your current lease. However, understanding the true cost of renting is key in making an informed choice. Recent data indicates that most renters have seen their rent costs go up over this past year - even those who renewed their leases! With three out of four recently moved tenants and nearly two-thirds with 12-24 months length experiencing a hike in rental prices, one must consider if maintaining residence through leasing could become increasingly costly for future renters.