Pandemic <span title="inflation/recession-->should">inflation/recession-->sho...</span> I secure current rent fee?

Question

Hi

im currently renting, but now since the world economy is unstable and there's like, a pandemic inflation/recession panic state going on i'm unsure if i should try to sign a contract for say, 2 or 3 years paying my current fee, or hope to find something cheaper the next year or year that follows. I must be a tenant couple years more, until my studies are finished.

Answer 1

.   You are correct.  If there was a financial panic, prices would go down. You would be smart not to sign 3 years at today&#039;s prices.

Answer 2

If you are happy with where you live and can get a 2 year contract  I would probably opt for that. Unless, you forsee  any changes in your near future that would make it a bad choice. I do not think we are going to be out of this mess for a good couple three years at any rate. good luck