In certain places where there is a limit on the supply of housing this will probably happen.
However, when rent prices go up, it encourages people to build more homes/apartments which in turn drives prices down. There is a feedback loop (granted, many times it's interrupted, and there is a delay)
However, when rent prices go up, it encourages people to build more homes/apartments which in turn drives prices down. There is a feedback loop (granted, many times it's interrupted, and there is a delay)