March 27, 2024
Average USA Rents $1,959 & Mortgage Payments $2,658 [Zoom In]
Things are getting interesting in the US as it pertains to shelter costs.
All around the world the direction of the chart is the same as in the USA.
For the last 18 months shelter costs (rent and mortgage payments) have skyrocketed at double digit rates.
Shelter costs represent a very significant percentage of the basket of goods and services that are used to measure the Consumer Price Index (CPI).
ARTICLE SOURCE : https://youtube.com/shorts/4Ch3vzl68Pk?si=b8np5XQQHA685aWz