Rising interest rates don’t spell relief for renters
Renters are being bled dry in many markets, but it could be a year or more before rent increases start to slow. Plus, Peloton shifts gears to focus on subscription services.
SAN FRANCISCO, CA - APRIL 21: A for lease sign is posted in front of home for rent on April 21, 2015 in San Francisco, California. According to a report by Forbes magazine, San Francisco, Oakland and San Jose top the list of worst places in the nation for renters. Bay Area renters are faced with extremely low vacancy rates that have prompted high rents that average over $3,100 for a one bedroom in San Francisco.