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Inflation and high-interest rates are pushing people into rentals, as the cost of owning a home becomes increasingly unaffordable. Rising prices for goods and services, coupled with higher interest rates on loans, are making it harder for people to make ends meet. As a result, many are turning to rentals as a more affordable and manageable option. Inflation is one of the key drivers of rising rental demand. When prices for goods and services go up, people have less money to spend on other things, including their housing costs. This often leads to an increase in rental demand, as people look for ways to reduce their expenses. In addition, inflation can also lead to higher interest rates on loans, making it more expensive for people to buy a home. This combination of factors is making renting a more attractive option for many people. Another factor pushing people into rentals is the current high-interest-rate environment. As interest rates on loans rise, the cost of borrowing money to purchase a home also increases. This means that people may be unable to afford the monthly mortgage payments, which can lead to defaults and foreclosures. As a result, more people are looking for rentals as a more affordable option, which has led to a surge in rental demand. This shift towards rentals is not only affecting individuals, but also the market as a whole. The demand for rentals has led to an increase in rental prices, making it more profitable for investors to buy and rent out properties. In addition, developers are also starting to focus more on building rental properties rather than homes for sale, as the demand for rentals continues to grow. Overall, inflation and high-interest rates are pushing people into rentals, as the cost of owning a home becomes increasingly unaffordable. This trend is likely to continue as economic conditions remain uncertain, and more people seek out affordable housing options. While this may be challenging for those looking to buy a home, it presents opportunities for investors and developers to meet the growing demand for rental properties. https://inflationprotection.org/rentals-surging-due-to-high-inflation-and-interest-rates/?feed_id=90700&_unique_id=644570a21df31 #Inflation #Retirement #GoldIRA #Wealth #Investing #business #Coaching #earnwealth #entrepreneur #Entrepreneurship #Freedom #getwealthy #Hustle #investing #investinginrealestate #KenMcElroy #KenMcElroyHousing #KenMcElroyRealEstate #LifestyleBusiness #MCCompanies #MCCompaniesInvestments #PersonalDevelopment #realestate #realestateentrepreneur #realestateinvesting #RealEstateInvestment #RichDad #RichDadAdvisor #selfhelp #success #InvestDuringInflation #business #Coaching #earnwealth #entrepreneur #Entrepreneurship #Freedom #getwealthy #Hustle #investing #investinginrealestate #KenMcElroy #KenMcElroyHousing #KenMcElroyRealEstate #LifestyleBusiness #MCCompanies #MCCompaniesInvestments #PersonalDevelopment #realestate #realestateentrepreneur #realestateinvesting #RealEstateInvestment #RichDad #RichDadAdvisor #selfhelp #success
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