It looks like the article is behind a paywall, but based on the title and available preview, let's break down the key reasons why rent is skyrocketing across advanced economies. Over the past decade, rents remained somewhat stable, growing at around 2% per year. But after the COVID-19 pandemic, things changed dramatically. During lockdowns, landlords struggled to find tenants, leading to temporary rent declines in some cities. However, as economies reopened, demand surged, supply remained constrained, and institutional investors poured money into real estate—causing rental prices to shoot up. This has fueled tenant frustration and triggered political debates on rent control and housing policies.

Key Points:

• Pre-pandemic Rent Trends: Rent costs were rising at a moderate rate (~2% annually).
• COVID-19 Impact: Lockdowns led to temporary rent declines as landlords scrambled for tenants.
• Post-pandemic Surge: Demand rebounded, but housing supply lagged, driving rapid rent increases.
• Institutional Investments: More large financial firms entered the rental market, further increasing costs.
• Policy Debates: Growing anger among renters is pushing governments to consider rent control and housing reforms.
• Housing Shortages: A lack of new construction in many cities is exacerbating the problem.

Would you like me to dive deeper into possible solutions or explore policy responses across different countries?
Link to Article