I forcaest that Rents will shoot up

[Devin James]

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

[Chris Seveney]

Quote from @Devin James:

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

 I would put word of caution as rents have never historically "shot up" - cannto insert photo so here is link, but take out covid and rents are pretty predictable-only chance rents shoot up is if salaries increase substantially as everything else got very expensive for consumable goods past few years but salaries did not.

Average Mortgage Payment 90% Higher Than Average Monthly Rent | RealPage Analytics Blog