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Where’s The Rent Deflation?, Albert Edwards Asks The Bureau Of Labor Statistics
One of the many explanations rolled out when explaining the monumental ~54% surge in US stocks from the March panic lows is that rock-bottom yields (and especially deeply negative real rates) help justify equities trading at extreme multiples.
Higher real yields aren't just kryptonite for gold. They can also play spoiler to stocks, something market participants re-learned in 2018 (figure below).
There's a sense in which the conditions fostered by the Fed in the wake of the pandemic represent t
“ii) the pandemic has made it harder to reach both renters and their landlords,”
I don’t follow that “logic.”
A lot of people don’t answer numbers they don’t recognize period. A lot of the robo calls don’t leave a message. If someone leaves a message you want to return, you can.
One other potential contributor – stimulus (PPE and enhanced unemployment) and eviction moratoriums have kept most rentals occupied (even if the tenant is not paying rent). A growing rental A/R is probably not reflected as lower rents.