"In fact, there was no mystery behind the inflation that Americans were experiencing, inflation in everyday items paired with skyrocketing corporate profits. There was a conspiracy, orchestrated by some of the richest men in the country. Median asking rents had spiked by as much as 18% in the spring of 2022, and that was outrageous. Moreover, rents are just out of control more broadly. As the Antitrust Division notes, "the percentage of income spent on rent for Americans without a college degree increased from 30% in 2000 to 42% in 2017."
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