Rent has always been expensive in America, especially since 2008. Overseas way cheaper even after accounting for lower cost of living. Part of the reason rent is so high in America is due to the difficulty of evictions and increased regulation. Landlords have to pass these costs to renters. Landlords need multi-month deposits plus credit checks. It's tough being a renter, for sure.
https://archive.ph/w29ut/60a10ca91e1e9765852ba9fb0e5f6476790...
It will be back to new highs soon enough
Rent has always been expensive in America, especially since 2008. Overseas way cheaper even after accounting for lower cost of living. Part of the reason rent is so high in America is due to the difficulty of evictions and increased regulation. Landlords have to pass these costs to renters. Landlords need multi-month deposits plus credit checks. It's tough being a renter, for sure.