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Rent only goes up.

Inflation means pretty much all prices always go up. This statement is not very informative on its own since we care about relative prices.

Mortgage is locked in for 30years

???? Do you know how mortgages work?

"February 2026 Rental Report: National Median Asking Rents Hit Four-Year Low" according to https://www.realtor.com/research/february-2026-rent/

Now extrapolate that over 3 decades (30 year mortgage) and not 4 years.