EP219: High End Renters Are Paying Less
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There’s always an influx of news regarding what’s going on in the housing market. However, if you don’t view these stories through the lens of a real estate investor, you might miss out on opportunities or neglect important information.
On today’s show, I’m sharing information from a brand-new Wall Street Journal article. I’ll discuss how housing trends are reversing. I’ll discuss how these changes affect C class neighborhoods, as well as buy and hold real estate investors. Don’t miss episode 219 of Investing in Real Estate!
More About This Show
Shortly after the housing crisis, a high percentage of renters spent more than 30% of their income on housing costs. However, it appears that that trend is reversing. This is good news for renters. This data means that incomes are rising, and also a rent correction is happening.
Particularly in large metropolitan areas like New York City, San Francisco, and Chicago, rental rates are terribly inflated. I see so many apartment buildings continuing to be built in these areas. Now since builders are constructing more and more apartment buildings, supply and demand has forced prices down.
But the thing is—they’re luxury apartments. They have amenities like pools and dog parks and movie theatres. Even if the prices are lower, they still aren’t affordable. There’s still a demand for affordable housing for working class people.
On today’s show, I’ll explain what these changes mean for investors in B and C class neighborhoods. I’ll talk about high quality apartments in places like downtown Indianapolis, and why builders don’t work on lower cost projects. There’s a lot to consider when it comes to this topic, tune into this episode to hear more about housing demands!
If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
On this episode you’ll learn:
- What percentage has the rent burden fell in households?
- Why is rental affordability a policy challenge?
- In what neighborhood classifications are apartments being built?
- And much more!
- Episode Resources
Share of Rent-Burdened Household Declines in Possible Reversal of Trend on Wall Street Journal
What’s the Difference Between an A, B, and C Neighborhood?
Why I Love C Class Properties?
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