People keep saying renting rates go up, but ... That hasn't been my experience while living in places with stable property values. Lived here for three years. No rent increase. Last place I lived for seven years, and no rent increase while I was living there. Prior to that, lived five years, rent increase a WHOPPING ... 1% per year. (middle of the housing bubble, mind you...) Same before that: 4 years at 1% per year. My rent has gone up when I move, but I moved from a 100-year-old 3 room place to a 1000 sq foot loft in the 'burbs, to a 1500 sq townhouse with a garage, to a 1300 sq foot urban loft four blocks from Trendy Restaurant Row with 16 foot ceilings and a EVSE in a warm basement parking stall that's all mine.