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Updated almost 8 years ago on .

User Stats

50
Posts
15
Votes
Christopher James
  • Hadley, MA
15
Votes |
50
Posts

whats driving inflation

Christopher James
  • Hadley, MA
Posted

Rising Labor Cost, increased government spending, and prolonged housing shortages are the main pressure points.

Inflation is picking up and looks to increase over the next 18 months

A mortgage rate jump from 4% to 4.5% adds 60 bucks a month to a mortgage

Rent increases have exceeded 3% annual over the last 4 years

Low unemployment, rising house costs up 3% over the last year

I believe this is why there is so a demand for rentals now. Some people are getting out priced in the current for sale market

And lastly, lets talk about the tax write offs

America, what a Country