{"id":138522,"date":"2021-06-11T09:30:00","date_gmt":"2021-06-11T15:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=138522"},"modified":"2023-03-29T01:33:17","modified_gmt":"2023-03-29T07:33:17","slug":"why-rich-renting","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/why-rich-renting","title":{"rendered":"Why Are the Rich Renting\u2014And What Does It Mean for You?"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC9825463947&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>Investor opportunity typically follows shifting demand, and if one recent development in real estate is any indication, significant opportunities may already be open in one particular asset segment.<\/p>\n\n\n\n<p>This development has to do with the increasingly high number of high-earners renting.<\/p>\n\n\n\n<p>According to a recent <a href=\"https:\/\/www.marketwatch.com\/story\/the-depressing-reason-rich-people-are-now-the-fastest-growing-segment-of-renters-2019-02-07\" target=\"_blank\" rel=\"noopener noreferrer\">MarketWatch article<\/a>, which cites a <a href=\"https:\/\/www.jchs.harvard.edu\/state-nations-housing-2018\" target=\"_blank\" rel=\"noopener noreferrer\">2018 study from the Joint Center for Housing Studies of Harvard University<\/a>, in 2017, the percentage of renters with incomes topping $100,000 rose 5%, &#8220;bringing the cumulative increase in 2012\u20132017 about 2.6 million,&#8221; the report revealed.<\/p>\n\n\n\n<p>Furthermore, the renter rate in that income bracket hit an all-time high (19%) in 2017, with higher-income households accounting &#8220;for the vast majority of renter growth over the past five years.&#8221;<\/p>\n\n\n\n<p>Not only are more high earners renting, but this class of renter is outpacing all other income brackets.<\/p>\n\n\n\n<p>We assume that renters do so because they cannot afford to buy a home. They can&#8217;t afford the down payment, don&#8217;t make enough income, don&#8217;t qualify for loans, or they&#8217;re priced out of their market for a home. For whatever reason, we assume that most people rent because they lack the financial resources to buy.<\/p>\n\n\n\n<p>The rich don&#8217;t appear to fit the profile of someone lacking financial resources to buy, so why are they renting?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Rising prices<\/h2>\n\n\n\n<p>One reason is that they actually are getting priced out of some markets. <a href=\"https:\/\/www.rentcafe.com\/blog\/rental-market\/1-35-million-more-wealthy-renters-in-a-decade\/\" target=\"_blank\" rel=\"noopener noreferrer\">In a RENTCafe.com survey, cities such as New York, San Francisco, and Los Angeles had the highest number of high-income renters<\/a>. As homeownership becomes increasingly unaffordable for the average American, it appears not even the rich are spared.<\/p>\n\n\n\n<p>In the same <a href=\"https:\/\/www.marketwatch.com\/story\/the-depressing-reason-rich-people-are-now-the-fastest-growing-segment-of-renters-2019-02-07\" target=\"_blank\" rel=\"noopener noreferrer\">MarketWatch article<\/a>, Trulia&#8217;s chief economist, Issi Romem, was quoted saying, &#8220;The barrier for entry [into the housing market] is higher than it used to be,&#8221; adding that, &#8220;home prices have risen and lending standards remain tighter than before the recession.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Demographic shifts<\/h2>\n\n\n\n<p>Affordability is not the only reason high earners are renting. Many high earners are millennials, and millennials, who make up roughly 22% of the U.S. population, don&#8217;t behave like their parents. Most millennials don&#8217;t have the same perspective as their parents about working at one job, getting married, and raising children in one home for their entire lives.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2019\/08\/30\/homeownership-eludes-millions-of-millennials-heres-why.html\" target=\"_blank\" rel=\"noopener noreferrer\">Studies show that the rate of homeownership among millennials is lower than in previous generations.<\/a> Student loans and affordability have something to do with the low rate of millennial ownership.<\/p>\n\n\n\n<p>Still, millennials are also more mobile than any other generation has been, jumping from job to job and home to home more than any previous generation. With technological advances, millennials can work from anywhere, and owning a home goes against their wanderlust.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div id=\"hero-block_6414b8af3a8be\" class=\"first:mt-0 hero-block py-4    has-background has-slate-200-background-color has-text-color has-theme-gold-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-2\/3 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-slate-800-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Early financial freedom is possible.<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-slate-900-color has-text-color\" style=\"font-size:16px\">Building wealth is always possible, even while working full-time, earning a median income, and paying off debt.&nbsp;<em>Set for Life&nbsp;<\/em>gives young professionals the action plan they need to conquer their financial goals and achieve early financial independence.<\/p>\n\n\n\n<div id=button-custom-event-block_64134fe56b103 class='button-custom-event'>\n      <a href=\"https:\/\/store.biggerpockets.com\/products\/set-for-life-revised-edition%20%20?utm_source=blog&#038;utm_medium=marketing_block\" x-on:click=\"window.analytics.track(&#039;Blog Block | Publishing: Set for Life&#039;, {\n      referrer: &#039;https:\/\/www.biggerpockets.com\/blog\/why-rich-renting&#039;,\n    });\" class=\" btn-shape inline-block no-underline has-background has-theme-gold-background-color has-text-color has-white-color\" target=\"_blank\">Get Your Copy<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/3 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/06\/SFL_cover_mockup_04_transparent-1-e1684415871792.png\" alt=\"\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Views on assets<\/h2>\n\n\n\n<p>Another interesting reason why the rich rent is that they don&#8217;t view a residence as an asset, unlike everyone else. This view was made popular by Robert Kiyosaki in the book <em>Rich Dad, Poor Dad<\/em>. Until you sell it one day and extract its appreciation, your house is a money pit, continually requiring upkeep, updates, and repairs.<\/p>\n\n\n\n<p>The ultra-rich would rather put their money in something besides a home because the rich invest differently than everyone else. The wealthy, like the members of the social investing club <a href=\"https:\/\/tiger21.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tiger 21<\/a> (minimum $50 million in investable assets to join), consistently allocate more than 50% of their capital to cash-flowing assets like real assets and private equity that also grow over time. A residence is not a cash-flowing asset, so why buy one?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What does this mean?<\/h2>\n\n\n\n<p>Whatever the reason for the rich renting instead of buying, the fact is it&#8217;s an emerging trend that&#8217;s gathering significant momentum. As we have become increasingly a renter nation, the primary impetus for that movement previously occurred at the mid-level to affordable housing tiers. But now, with even high earners turning to renting, investor opportunity exists in every multifamily segment from affordable to luxury.<\/p>\n\n\n\n<p>They say that investor opportunity follows demand. It looks like the demand for rental properties by the rich is opening up a whole new door of investor opportunity in the multifamily segment that&#8217;s never been seen before.<\/p>\n\n\n\n<p>These new opportunities spurred on by emerging trends give investors more chances than ever to diversify their portfolios with cash-flowing, appreciating, real assets that appear to be becoming more and more recession-resistant as demand\u2014at all price levels\u2014continually outstrips supply.<\/p>\n\n\n\n  <div id=\"posts_lists-block_60b914c5c63a8\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  <h2 class=\"mt-0 mb-1 js-toc-ignore\">\n            More on wealth-building from BiggerPockets          <\/h2>  \n                  \n        \n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-121489\" \n\tclass=\"content-card mb-0 flex flex-col  post-121489 post type-post status-publish format-standard has-post-thumbnail hentry category-opinion\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/8-lifestyle-changes-to-make-now-to-build-wealth-in-2020\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/ben-franklin-closeup.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"8 Lifestyle Changes to Make Now to Build Wealth in 2020\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/ben-franklin-closeup.jpg 830w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/ben-franklin-closeup-300x200.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/ben-franklin-closeup-768x512.jpg 768w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/opinion\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Opinion<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">7 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/158586.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2020-01-20T14:30:36-07:00\">Jan 20, 2020<\/time><time class=\"updated\" datetime=\"2024-02-24T13:17:14-07:00\">Feb 24, 2024<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/g-briandavis\" class=\"no-underline line-clamp-1\" target=\"_blank\">G. Brian Davis<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/8-lifestyle-changes-to-make-now-to-build-wealth-in-2020\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\t8 Lifestyle Changes to Make Now to Build Wealth in 2020\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">People don\u2019t get rich because it\u2019s convenient. Quite the opposite. People get rich because they\u2019re willing to inconvenience themselves and spend less now in order to have more later. That\u2019s&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"121489\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-121489 -->\n<article \n\tid=\"post-86442\" \n\tclass=\"content-card mb-0 flex flex-col  post-86442 post type-post status-publish format-standard has-post-thumbnail hentry category-biggerpockets-daily category-opinion\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/wealth-through-rentals\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/watch-time-efficiency.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Sorry, But Investing in Rentals Won&#8217;t Build Massive Wealth. THIS Will.\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/watch-time-efficiency.jpg 830w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/watch-time-efficiency-300x200.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2019\/11\/watch-time-efficiency-768x512.jpg 768w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/biggerpockets-daily\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">BiggerPockets Daily<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">9 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/9994.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2020-06-16T10:00:17-06:00\">Jun 16, 2020<\/time><time class=\"updated\" datetime=\"2024-02-24T12:49:13-07:00\">Feb 24, 2024<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/brandonhall-2\" class=\"no-underline line-clamp-1\" target=\"_blank\">Brandon Hall<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/wealth-through-rentals\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tSorry, But Investing in Rentals Won&#8217;t Build Massive Wealth. THIS Will.\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">If you want to generate massive wealth in a relatively short amount of time, owning rental properties will not be your primary driver of such growth. Let me explain why&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"86442\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-86442 -->\n<article \n\tid=\"post-87488\" \n\tclass=\"content-card mb-0 flex flex-col  post-87488 post type-post status-publish format-standard has-post-thumbnail hentry category-personal-finance category-retirement tag-financial-freedom tag-financial-independence tag-financial-protection tag-financial-security tag-income-investing tag-middle-class tag-personal-finance tag-wealth tag-wealthy\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/rethinking-wealthy\" target=\"_blank\" aria-hidden=\"true\" tabindex=\"-1\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/scooter.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Rethinking &#8216;Wealthy&#8217;: The 5-Step Ladder From Middle Class to Financial Freedom\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/scooter.jpg 830w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/scooter-300x200.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/scooter-768x512.jpg 768w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/personal-finance\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Personal Finance<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">5 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/158586.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2020-09-30T05:00:25-06:00\">Sep 30, 2020<\/time><time class=\"updated\" datetime=\"2024-02-24T12:44:36-07:00\">Feb 24, 2024<\/time><\/span><\/span>&nbsp;<a href=\"https:\/\/www.biggerpockets.com\/blog\/contributors\/g-briandavis\" class=\"no-underline line-clamp-1\" target=\"_blank\">G. Brian Davis<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/rethinking-wealthy\" rel=\"bookmark\" class=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tRethinking &#8216;Wealthy&#8217;: The 5-Step Ladder From Middle Class to Financial Freedom\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">Forget the flash. Here are more specific steps, a ladder that someone in the middle class can climb to create true financial freedom.<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"87488\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-87488 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  ","protected":false},"excerpt":{"rendered":"<p>Investor opportunity typically follows shifting demand, and if one recent development in real estate is any indication, significant opportunities may already be open in one particular asset segment. This development [&hellip;]<\/p>\n","protected":false},"author":408607,"featured_media":138523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7119,5528],"tags":[],"class_list":["post-138522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-daily","category-real-estate-news"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/138522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/408607"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=138522"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/138522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/138523"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=138522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=138522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=138522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}