lol Thats good. However the problem he is pointing out is very GenZ. They have almost completely been left out of homeownership.
lol Thats good. However the problem he is pointing out is very GenZ. They have almost completely been left out of homeownership.
So BUILD MORE RENTALS so that people can have someplace to live in the meantime and not have to buy a house from a fixed supply in a low density area with car dependenc, especially if they don't want one.
but this MY local RE this is what is happening HERE They are building rental units like crazy and Millenials/Post millenials rent them and live at 50-70% of their income going to Housing. If they charge 2.6k The small duplex in the area chsrges 2.3k because the price line raises
WS investors dont invest in places where there is rental control or even Sec8. The ones that get the permits are the Fat Cats
This is what they do. This is what he is saying. They build and charge outrageous amounts and all the market goes with them. I am seeing it in the city of Dania Beach here they are Gentrifying the hell out of the place with "cool" 15 story building at $2.6 1/1s