whats driving inflation
Rising Labor Cost
Increased Government Spending
Prolonged housing shortages all equal the main pressure points
Inflation is picking up and looks like it will increase over the next 18 months
a half of a percentage point jump in mortgage rates is about an extra $60 per month
Rents have exceeded 3% annually over the last 4 years
low unemployment and rising house costs up 3% over the last year
I believe this is why there is such a demand for rentals right now. Some people are getting priced out of the for sale market.
And lastly, lets talk about tax write offs.
America, what a Country