How could renters protect themselves from ongoing rent increases without buying a home – and if they cannot buy a home?

The Syracuse Home Equity Protection program – insurance for homeowners against declines in local home values – suggests an answer. (I learned of this program in a magazine article – Worth, January, 2004.)

Why not insurance against rent increases above a certain level – say, above the increase in CPI? (For example, if CPI increases 2% and rent increases 5%, renters would pay the 2% and insurance would cover the remainder.)

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