As rents have skyrocketed to record levels this summer, we're often asked: Are rents surging because of the eviction moratorium?
The answer? Not directly, but it's likely a contributing factor. To what degree will depend heavily on the property and the location.
Like pricing for almost anything else, setting rents comes down to Econ 101: supply and demand. When demand tops supply, price increases. We've seen this of late with lumber, food and even automobiles (among other items) – hence the talk of inflation.
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