Renter Nation, Barrons Article

[MJ DeMarco]

I subscribe to Barrons and thought this article was good ... predicts the upswing of rental markets due to the current housing market, tighter lending, poor credit, etc.

Housing Outlook: Rentals Up, Sales Down - Barrons.com

 

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[andviv]

Thanks for sharing.

Another interesting point... with RE property taxes going up, affordability
will continue to go down. Adding extra cushion for tax increases will become more crucial for landlords.

 

[hatterasguy]

From what I have seen personaly their are three things that are hurting the 30 and under crowd, and keeping them renters.

1. Student loans.
2. Poor spending habits, IE blowing a lot of money going out partying.
3. Poor buying habits. IE big car payments


They may have good jobs but the $600 a month BMW payment, and $600 a month student loan payment, $300 CC payments, and no savings from spending it on partying makes it impossible to get a mortgage.