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I think prior to recession high inflation caused increased wages which led to increased rents. The actual relationship would be dependent on many factors including supply and demand. The increasing wages or increasing inflation relationship is a little like the chicken and the egg. 1970s...

If you look back at historical interest rates there were periods of high rates in the 70's to try and control inflation but the speed at which they rose in the late 80's was brutal. Thats probably what broke many people, it would be like buying a house on your credit card now and trying to...