Why rents are soaring pretty much everywhere in the U.S.
Until recently, soaring rent prices were mainly a Big City problem. Now, rents are an everywhere problem.
Why it matters: Skyrocketing rents, coming at the same time housing prices are at historic highs, make it hard for people to afford to live. At the lower end of the income spectrum, higher rents put more people at risk for homelessness.
By the numbers: Asking rents in the second quarter were 23% higher nationwide compared to the same period in 2019, according to Census data released earlier this month.
These are the rents landlords charge...