How much will the cost of renting house or apartment increase in general in North america.?

Answer 1

Initially it won't - it will actually go down. The reason why is their is an oversupply of houses on the market, and an over abundance of investors who own rental properties. They are all desperately try to keep up with their payments, and will lower their rents just to make sure they keep tenants in their properties.

Apartments will actually go up. As foreclosures increase, former homeowners will have no choice but to rent. There will be plenty of houses, however apartments are normally cheaper. You will see apartment rents start to rise as demand for them increases - and as home renters start to get tired of getting kicked out of homes that got foreclosed on.

Answer 2

relies upon on dissimilar issues. I stay in Michigan, in an house and my electric powered invoice interior the summertime is 20-30 money a month. I run my air, merely no longer continuously. some residences have a unmarried AC unit for one room. the massive entire residing house instruments are what dissipate the potential. An house is smaller and that i'm unmarried so protecting a take care of on potential utilization is below my administration. Water is roofed below the hire, and that i pay gas, which isn't that lots the two, for the reason that i do no longer use warmth till i choose it. a accepted floor house might desire to be maximum suitable. You get the radiant warmth from the basement if the development has one, and you get warmth from everybody else. interior the summertime it is cooler, because of the fact the floor(s) above you're taking the summer season warmth. on the different hand, a 2d floor house or greater promises extra privateness. you may save the curtains open and not worry approximately somebody peering in at evening.

Answer 3

You can't make any general statements about North America. First off, NA is comprised of 3 separate nations -- Canada, the US, and Mexico. Within each of thouse countries there are regional and local influences in the market that make any generalized observation meaningless and less than speculative.