For months, I have been telling you that the eviction moratorium is killing the rental market. The US dollar is taking a beating. These two factors are coming together to increase rents more than they ever have before.
The central Florida area has seen rental prices increase by more than 20 percent in the past 8 months. This is a housing inflation rate of 30 percent. At this rate, rents will double every 2.5 years. To put this in perspective, the average rent increase seen before COVID was 7%, but this year is seeing rents increase at three times that rate.
This means that our inflation is far, far higher than what we are being told. I am guessing that overall inflation is somewhere near 25% or so. The wheels are coming off.

