The Human Cost: ‘We’ve become a renting nation’: Landlords benefit from high house prices, but millions of renters find themselves trapped

When Nashville, Tenn., native Stephen Parker recently listed a mobile home that he owns on the rental market, he received about 30 applications in one week. “I priced it competitively,” he said.

Parker, who is also a real-estate agent, said that he sees rent growth staying strong as many people find it too expensive to purchase homes, a situation made worse by low inventory and high interest rates.

He…