Rent prices are going up. How should investors be thinking about this?

Inflation is here, housing supply is in a crunch, and supply chain shortages, among other factors, are affecting the construction of new starter homes. In this episode, we dissect a recent article from CNBC documenting rental rates and weigh in on what we think this means for real estate investors.  --- Transcripts Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor Podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   What's going on everybody? Welcome to another episode of The Remote Real Estate Investor . I'm Michael Albaum and today I'm joined by my co host,   Emil: the lovely Emil Shour,   Michael: the lovely self proclaimed lovely Emil Shour. And today we're gonna be talking about rents. Where are they going? What are they doing? What can you expect in the near future? So let's get into it.   Alrighty, Emil, what do you think I've got an article here from CNBC. Talking about where rents are going in the near future, what they've been seeing what the markets been doing. Why do you think they're going up? Down? Sideways? No, change your prediction?   Emil: I think they're going up. I don't think they're going to go up as fast as we've seen in the last year, which has been pretty astronomical. But I think they're going up, inflation is here, rents have been going up with it, there is a supply crunch in housing, all those things to me mean, rents will continue going up because takes a while to build new housing supply is slow to come to the market builders aren't building like crazy, like they did before 2008. So you know, all those signs to me point that rents are going to continue going up, although I don't think it's as quick of a pace of as they have over the last 12 months.   Michael: Yeah. When you say that home take a while to build and you're clearly someone that has never played the Sims before, because we just got like all those construction crews out here like you just pop them up all over the place. Right?   Emil: That's right. I wish it was that easy. Maybe like prefab homes, they can just start plopping them down. But you know, even those built around community, everything I've read, and again, you know, you're reading stuff take with a grain of salt, but everything I've read, it sounds like builders are much slower and hesitant this time around, because a lot of them still remember the after effects of leading up to 2008, where they overbuilt and then they were left holding the bag with all these all these developments. So what I keep reading is demand is high. And they are very, very slow and methodical building new supply. Plus, there's a lot of regulation and restrictions, I think, in a lot of places that are preventing new housing preventing it from going up quickly.   I think all those factors. Again, I'm not an expert, but just based on what I've read. Supply is not going up as quickly as people hope it would.   Michael: Yeah, that makes sense. And I mean, I know that you're a very well read person. I'm curious to get your thoughts shaking your head. I'm curious to get your thoughts on how did we get here? I mean, how did we get to such I was talking with um, I forget who I was speaking with. But they were saying like, we're 5.5 million homes shy of where we need to be. How did we How did we get here?   Emil: Again, I am no expert. I I read stuff on, you know, my Apple news app. I read it on Twitter.   Michael: Reddit, Facebook   Emil: I think it's the same thing I'm talking about right? I think after 2008 When there was a lot of overdevelopment support, like all these charts, you see, you see like building building, building new supp