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Updated over 6 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

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