Business
For homeowners, rising housing costs make it harder to earn passive income
Many Americans dream of a road to riches like a trip around the Monopoly board, buying properties that generate rental income. That may be true, but financial advisors warn that the cost and aggravation of playing hostess is increasing.
Those who are thinking of becoming a homeowner may have a harder time making a profit after a year marked as higher house price and mortgage interest rate. Rents have also increased, but due to inflation, repair and maintenance costs have also increased.