Economy update

Bidding Wars in the Hot Rental Market, Not Reflective on the Consumer Price Index.

The consumer price index is another tool to measure inflation. Rent and ower’s rent cover housing costs are about ⅓ of the CPI. In July, the consumer price index rose 0.5%, below 0.9% from June. Year over year CPI rose 5.4%. With a shortage in the housing supply,  bidding wars in the rental markets will… Continue reading Bidding Wars in the Hot Rental Market, Not Reflective on the Consumer Price Index.

Economy update

Decreasing Remote Employee Pay- Will this Contribute to the Rental Bubble and Housing Crash?

Last updated August 12, 2021 Google announced decreasing pay for remote workers. Per Reuters, “employee living in Stanford, Connecticut, an hour from Google’s New York office, would be paid 15% less working from home, but a colleague living in New York would see no cut.” The longer the commute, the higher the pay cut. A… Continue reading Decreasing Remote Employee Pay- Will this Contribute to the Rental Bubble and Housing Crash?