[cronix]

> Neal Bawa explained that rent prices follow housing prices with about an 18 month lag.

I'm assuming that has a lot to do with leases and rental contracts? If you have a 2 year lease I can't raise your rent until it expires even if the property increases in value 10x during that time.

[xx511134bz]

This came up. He is no longer renewing 1-year leases, he expects to increase rent twice in 2022, so he is moving to a six-month lease. He also said 2022 will feature the largest rent increase in American history.