

There is no market pressure for landlords on properties they own. Prices for upkeep and repair can increase and property tax can increase, but these costs increases are negligible over the term of a rental agreement. The housing market pushing prices higher only affects their ability to expand and buy new houses for renters they can mooch off of. When they raise your rent becuase of the housing market, AT BEST they are unethically farming your money to expand their investments that you could otherwise be investing in yourself. At worst, and more likely, they are simply taking advantage of you and using the market as an excuse to boost their margins to hoard more money for themselves and/or themselves luxuries you can never afford because rent takes up more than half your gross salary.
Poor Mikey