Avoid the Rental Trap in 2023
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Renting can be a great option for those looking to save money or find more flexibility in their living arrangements. But there’s a downside: rental traps. These are situations where the rent increases significantly over time, making it hard for renters to keep up with payments and putting them at risk of eviction. In this blog post, we’ll explore the realities of rental traps and how to avoid them in 2023. We’ll look at factors that can increase your rent, tips on negotiating better terms with your landlord and other ways you can protect yourself from getting stuck in an expensive rental trap. The Rental Trap The first step to avoiding the rental trap is to understand what it is. The rental trap occurs when a person finds themselves in a situation where they are unable to save enough money to buy a home of their own and are stuck renting indefinitely. This can happen for a number of reasons, such as not having enough income, having too much debt, or being priced out of the housing m