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.

Categories: economicsEconomy


David · September 9, 2021 at 8:23 pm

No need to be dramatic; if you exclude food, energy and housing, inflation is pretty much in line with historical patterns

    Divemedic · September 10, 2021 at 10:56 am

    I’m going to assume you are not serious and are trying to be funny in referring to the Biden admin’s recent statement that “If you take out beef, pork & poultry, the price increases are more in line with historical norms.”

      David · September 10, 2021 at 1:58 pm


AC47spooky · September 10, 2021 at 8:03 am

The house next door to us is a rental — 3-2, garage, about 1,600 sq. ft. goes for just under $2,500 a month. A couple houses down a slightly larger house is $2,800. A couple years back, these houses were more like $1,600 and $1,800 a month.

It used to be that housing was considered to be about a fourth of your monthly income. Even if it were a third, you’re looking at 90 to 110 grand annual income to afford it. That’s serious money to me.

    Divemedic · September 10, 2021 at 9:02 am

    I am currently charging $1700 a month for a 3/2, 1900 square foot house with a 2 car garage and a fenced yard. I include lawn mowing and a washer/dryer at that price. A year ago, the same property was renting at $1600. When the lease renews in the next little bit, we are looking at boosting rent to $1800 or perhaps $1850.

    That will still be on the low side. There are 3 bedroom apartments nearby that are renting for $1750.

      AC47spooky · September 10, 2021 at 9:44 am

      Dang – your tenants are getting a good deal. My daughter pays close to $900 for a 800 sq. ft. one bedroom duplex.

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