Rising rent: Why prices are only going higher

If you rent your house or apartment, you are in a club with over 100 million other Americans. And you may be wondering, why has it become so expensive now to be in that club?

From Seattle to Austin to Tampa, rent is soaring. Finding a place to rent is stressful, for a bunch of different reasons. Rising rent is one of the biggest ways people feel inflation in their daily lives. These cost increases feel unavoidable. People have to live somewhere.

There’s no single reason why rent costs are up....