Here I was, all ready to start renting for the first time in my life and now, even rents are increasing! As mortgage rates are staying where they are but average home prices have dropped a bit, landlords have now started to increase rents and/or take away perks (free two months rent, very low security deposits or down payments). Though it shouldn't surprise me that as oil prices go up, everything else starts going up too. All you can do is just wait for the market to settle down and hopefully it won't be too late before you can "buy" your own home.
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