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Updated over 3 years ago,
Rent Growth Vrs Hyper Inflation
We just purchased an 89 unit property in Jacksonville, Florida. The JAX market is pretty crazy and Costar is projecting 15-25% rent growth for 6 quarters straight. For comparison, we budgeted 3% annual rent growth. I am obviously stoked about this deal but also concerned about the long term implications for the economy as a whole. Is anyone else concerned about hyper inflation? What are you doing as a hedge?