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All Forum Posts by: Christopher James

Christopher James has started 13 posts and replied 26 times.

Post: whats driving inflation

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

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

Post: whats driving inflation

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

Rising labor costs, increased government spending, and prolonged housing shortages are the main pressure points

inflation is picking up and looking to increase over the next 18 months

A half percent mortgage is increased equals about $60 per month more in a mortgage

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

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

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

and lastly, lets talk about the tax write offs

America, what a Country

Post: whats driving inflation

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

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% and 60 bucks a month to a mortgage

rent increases have exceeded 3% annually over the last 4 years

low unemployment, rising house cost up 3% over the last year

i believe this is why there is such 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

Post: whats driving inflation

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

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

Post: The rental real estate market

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

Tony. Message me up or lets meet at Starbucks in N Conway and we can discuss

Post: The rental real estate market

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

Todd. I would suggest looking at multi units. I generally don't consider anything unless there are at least 3 rental units to off set the monthly debt. I know no body that is buying S/f 's at retail and renting them with good returns. The numbers don't work

Message me or lets get together at a Starbucks in Concord

Post: The rental real estate market

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

send me a message so we can discuss this topic further or we can meet for coffee

Send me a message to discuss this further. Lets meet for coffee and talk more about this

CJ

Post: Have submitted 6 offers so far....

Christopher JamesPosted
  • Hadley, MA
  • Posts 50
  • Votes 15

Not sure if it went through... try an Escalation Clause