DFWag84 said:

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Rents have been going up at a rate of 4+% per year for the last few years. Prices relative to rents have been going up at an even higher rate.

There are some people who think this excessive; even some in the Fed.

I'm starting to think increased construction prices will allow things to even out

It's definitely market specific but I have read that generally speaking even though new starts have slowed absorption is strong and vacancy is flat. Seems to me when new supply absorbs and there aren't as many new units coming on, rents will rise.

I'm talking about large class A/B multi. There is a shortage of non-MAH affordable housing as none is getting built and developers are rehabbing C into B and flipping or cashing out.