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Rents are sticky, those high prices aren't going to fall. Also, buyers of rental properties will now face higher financing costs which will contribute to higher rents.
not usually . just the opposite . we get our best appreciation when the economy is humming and rates are much higher . the best range for appreciation has been in the 6% mortgage range . that indicates the economy is doing fine and inflation is creeping up .
it creates a lot of demand since people go we better buy now before we can afford even less house . it is a fallacy that home prices will fall just because rates went up.
As a poor person on the coast, I shudder to think how high (or even medium) interest rates would affect me.
Well if you would've taken my advice a few years ago and moved to somewhere like Sioux Falls you would be just fine right now and in a house if you wanted to be but you're just too full of excuses to do anything like that. Perhaps there's a reason and I mean a legitimate one you can't move. Otherwise, you have made your own bed.
It's called supplying a need. I was a landlord once and it certainly wasn't for me. It's not easy work. Just think, Have to deal with people like you all the time. I chose a different route and that was to work hard and enjoy the fruits of my labor later on. Something you have chosen not to do.
It's called supplying a need. I was a landlord once and it certainly wasn't for me. It's not easy work. Just think, Have to deal with people like you all the time. I chose a different route and that was to work hard and enjoy the fruits of my labor later on. Something you have chosen not to do.
Homelessness is an obvious manifestation of unmet need.
Being a landlord can be difficult or easy or anywhere in between. I ask for little so I rarely see my landlords actually doing anything.
well that is how the math should work . those with more end up getting more . there is nothing magical going on here . it took me 50 years of life scrimping ,saving and investing to hit a million . it only took 13 years to triple it with not much effort at all ..
the middle class does not have the money to grow greater wealth . the upper middle class stands a better chance and the wealthy a pretty decent chance
No magic. What's really happening is it takes a certain amount of income to live and a typical middle class life needs a certain amount within some boundaries everywhere. Since most incomes are at the low end of the requires amount, it is almost impossible for most people to get that first million. But, once there, have finally reached the point where the ability to invest exceeds annual requirements and so the investment starts to build on itself with a snowball effect as more comes in.
It is so difficult in fact that for many people all it takes is one serious medical issue in the family and WAM! you can't get there from here.
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