I forcaest that Rents will shoot up
1) Inventory is drying up
- Build-to-Rent developers stopped starting new developments when rates spiked, and that slowdown in starts will hit the market soon, resulting in less inventory.
2) The rent vs. own equation is upside down
- Usually its cheaper monthly to own than to rent, but today that’s not the case in many markets. Because of this, I expect home values to stay steady or drop in some areas, but rents will rise to rebalance the spread.
Im looking for ways to get ahold of some rentals in preperation of this
