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Real Estate: Investing, Rentals, Taxes, House Hacking and More with Brandon Turner
All the Hacks with Chris Hutchins
Why Are Interest Rates So High Right Now?
Interest rates definitely affect the market. The government is actively trying to make house prices stop going up. Ironically, we're in a really weird time right now where they are deliberately rying to raise interest rates. But what the effect it's having is its driving rents higher and higher and higher. I think the next few years, i think tenants are going to see their rent go up across the country dramatically. If you own rental property and you have a fixed mortgage that does not change, and your rents go up by ten %, 20 % per year, it's the landlords,. It's the rental property owners that are begenting wealthier and wealthier and wealthier. Are we in rough times?
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