Opinion on economic issue Essay Example | Topics and Well Written Essays - 500 words

Opinion on economic issue - Essay ExampleIn this context, in order to identify the potential causes of the rising letting inflation in the US, the study has relied on varied academic articles and business reports.In accordance with the tie-up of Madigan, the average rent of the apartments had increased to 3.1% in the US market during the last year in comparison to the year 2012 (Madigan, Why Rising Rents Havent Pumped Up Inflation). On the other hand, Keely, Ark, Levanon, and Burbank, arguably claimed that the cost of housing property is decreasing in the US market in the new days. In this regard, Keely, Ark, Levanon, and Burbank argued that the buying demand of the housing property has been dramatically reduced during the last few years in the US. Contextually, several economists pass on believed that rising hurt of food and energy has influenced the demand of real-estate in a negative manner (1-49). On the other hand, Madigan claimed that rising prices of medical services, edu cation and communication services have indirectly affected the demand of the real-estate in the US marketplace (Madigan, Why Rising Rents Havent Pumped Up Inflation). However, Keely, Ark, Levanon, and Burbank arguably claimed that the rental demand on the US market has dramatically increased in the last few years (1-49). In this regard, it can be asserted that financial crisis and noble rate of interest as well as the mortgage burden has affected the demand of the household buyers. On the contrary, it has influenced the tendency of renting residential, which has caused high inflation in the domestic market place (Madigan, Why Rising Rents Havent Pumped Up Inflation Keely, Ark, Levanon, and Burbank 1-49).Based on the in a higher place discussion, it has been recognized that the cost of real-estate property has reduced in the US market due to high rate of interest. At the same time, it has been also recognized that 38.2% of the US population are associated with mortgage household p roperty, which signify that the