What do you think - CA could be Majority Renter State by 2025?
The following Quote stopped me in my tracks and I had to read it a several times.
CAR projects that by 2025, California will be a majority renter state. “Home ownership is becoming a luxury item,” Appleton-Young said.
If this is true what does it mean to be a landlord in California going forward?
What do you think?
My Thoughts -
If Ownership is a Luxury Item then it should be very profitable to be a Landlord of Affordable Housing
It should be profitable with solid margins to Buy Slumlord Properties and Convert to Pride of Ownership Rentals
Is there a Dark Downside of being a landlord in CA if > 50% of residents are tenants???
What am I missing?
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