If you’re a renter in or near a major U.S. city it won’t come as news that rents keep climbing. Analysts cite weak income growth, the subprime bust, a distinct shortage of low-come construction, stricter credit requirements on purchasing, millennials delaying marriage etc. etc. all as reasons for the shortage of rental property.
On the other hand, if you’re a landlord … rental income in the last quarter of 2015 was estimated to be $168 billion or approximately 4.3 percent of the U.S. national income. This is the highest rate since 1946 and up dramatically from 1.5 precent as recently as 2007.