{"id":2377,"date":"2022-04-21T19:04:27","date_gmt":"2022-04-21T19:04:27","guid":{"rendered":"https:\/\/choosemyhome.com\/?p=2377"},"modified":"2022-04-22T13:52:11","modified_gmt":"2022-04-22T13:52:11","slug":"home-and-rent-prices-going-up","status":"publish","type":"post","link":"https:\/\/choosemyhome.com\/home-and-rent-prices-going-up\/","title":{"rendered":"Home and Rent Prices Going Up!"},"content":{"rendered":"
you could find yourself being put out at the end of your lease.\u00a0 Landlords are both selling rental properties and renovating to maximize what they can get for rent.\u00a0 Leaving you with no choice but to pay $300 – $800 more in monthly rent<\/b>. would you like it better if your payment was the same for 30 years.<\/strong><\/a><\/p>\n And Pay less than $1700.00 <\/b>per. Mo. to <\/b>your mortgage company. Your home most likely would make a great rental. <\/b><\/p>\n Your now thinking where would you live. The first step would be to buy an upgraded home to live in. Don\u2019t wait start before rates and prices go through the roof.<\/b><\/p>\n You may have noticed the prices of everything have gone up considerably <\/b>rent <\/b>and <\/b>home <\/b>p<\/b>rices <\/b>Included. Rental Property with positive cash flow both bridges the inflation gap and grows your retirement portfolio.<\/b><\/p>\n The answer is no. We are now dealing with cost of building materials and other cost factors.\u00a0<\/strong><\/p>\n In other words inflation is the cause, not bad loans.<\/strong><\/p>\n Everything has gone up a lot and may come down a little. However the thing to watch is interest rate. A home may look more <\/b>expensive. <\/b>2x4s and cabinets cost <\/b>more. This means <\/b>new or remodeled <\/b>homes have to <\/b>cost more. Lower interest rates increase buying power. Keep in mind the mortgage on the rental property is paid by the tenant.<\/b><\/p>\n It is like having two credit cards but someone else pays the bill on one of them, as well as a few hundred extra toward card or house two.<\/b><\/p>\nIf you are a homeowner,<\/h3>\n
Why would you want to invest in another property?<\/h3>\n
The #1 Question People Ask – Is This A Bubble?<\/h3>\n