“WHY YOUR RENT CHECK JUST KEEPS GOING UP” was the headline in CNN Money’s real estate special report in July 2015, which could have explained to Maryland renters (especially in Baltimore) why it is that their rents keep rising faster than home values. After all, that doesn’t seem to make sense!

The list of reasons is long, and taken all together, fairly convincing:
-
• Millennials are renting longer.
-
• Housing inventory is tight and getting tighter.
-
• The housing crash scared those who would otherwise have become homeowners.
-
• Baby Boomers are downsizing.
-
• Rental construction slowed when confidence sank after the housing crisis.