Rent Will Remain Too Damn High for the Foreseeable Future

But as the US economy has improved, people have been bursting out of their parents’ basements. Estimates of new household formation have surged in recent months. The thing is, these folks don’t go from 0-to-homeowner in a matter of months. They rent. And that’s why rental vacancy rates also have fallen back to levels last seen in the early 1990s.

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