re: Do You Want to Pay $700 for Someone to Clean Your One-Bedroom Apartment?

By people you mean corporations, it’s a super complex subject with many moving parts in pricing. Illegals is a small portion of that a very small portion. Fannie/Freddie had a rule change in 2022 when rates went up, the rule stated that they would only hold 5% of their yearly holdings of loans for second home/ investment properties. What that means is “people” who buy rental properties now have the highest rate of any mortgage term to buy those types of properties. No one calls me to finance rental properties, seriously I have financed 2 in 3 years. I close around 80-100 loans a year. In previous years I would close 25% of my book on investment properties. The power players rigged the game.