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How Decades of Inflation Destroyed Our Dollar, Today's Rent Trends
Description
We've already had more inflation in this young 2020s decade than the entire 2010s.
If the next forty years have as much inflation as the last forty, gas will cost $13.38 per gallon, the average home $1.88 million, and the average rent $59,000 annually.
Inflation impoverishes most people. You can profit from it 3 ways at the same time. Watch the free 3-part video series: GetRichEducation.com/TripleCrown.
The 30-year fixed rate mortgage is a uniquely American construct. It virtually exists nowhere else in the world. I compare this to mortgage terms in Europe, Canada and Australia.
In much of the world, homeowners have had their mortgage payments double overnight!
Trends that won't soon be disrupted: more inflation, people need to live somewhere, there aren't enough places to live. That's so simple! Invest in it.
Rents are increasing the most where little new supply has been added.
There's a myth that gigantic institutional investors are gobbling up all the single-family rental homes. But they only own 3% of the market. Mom & pops own 80%.
Single-family rents are up 3.4% per CoreLogic. Detached SFHs are up more than attached types.
Property prices and rents are positively correlated. Some people falsely think that they move inversely.
Resources mentioned:
Profit from inflation 3 ways:
GetRichEducation.com/TripleCrown
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Complete episode transcript:
Welcome to GRE! I'm your host, Keith Weinhold. Learn how the misery of INFLATION is altering BOTH your quality of life and the return on ALL of your investments…
… also, many people are now having their mortgage payments DOUBLE overnight and IT'S creating pain, then, what are the factors affecting the future direction of RENTS - all that, and more, today on Get Rich Education!
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