In Ohio, property owners are offering two months free rent, as so many people are moving in Mexican style. Being by heritage Mexican, it amuses me. Yes, it’s okay to live with friends and relatives.
And the place we moved out of one year ago has dropped rents by 25 percent. So inflation hasn’t hit real estate in Ohio. You can buy a 2 bedroom house in a good neighborhood for $64,000 (foreclosure, of course). Or rent a 2-bedroom for $499, with one month free and deposit waived.
At some point, the inflation in groceries should lead to general inflation. But with gasoline near record inventories, it might be longer than you think.
The condo i’m buying which is 1200 sq. ft.2 BR, 2bath, laundry and 2 car garage I can rent for $1550/mo.
It’s in San Diego County and property is totally a different picture here.