There are a lot of discussions about renting properties being better than owning properties and vice versa. That discussion is starting to skew towards ownership as rental prices are on the rise.
...rental prices have soared over the years, jumping 2.8% in 2017 alone. And with demand for affordable housing exceeding supply, more than one-quarter of all renters – 11.1 million people in total – spend more than 50 percent of their income on housing.
...and for us New Englanders the picture doesn't get any prettier. From the interactive map below courtesy of wallethub.com, some of the worst places to rent in the COUNTRY land in CT (2x), RI (2x) and MA (2x). These results were determined by numerous factors (22 to be exact); job and housing availability, historical pricing changes, rental rates, etc. (wallethub.com)
Might be time to plug some roots into the ground if rent prices continue on the path that they are on!