Americans owning homes lowest since 1989

[Johanna R.]

Hey Folks,

Great article in the NY Times, essentially saying (YAY) there's gonna be more renters!

http://www.nytimes.com/2015/07/18/business/economy...

[Jay Hinrichs]

@Johanna R.

the unintended consequences is you take SFR stock that had intrinsic values as owner occ areas.. turn them into rental areas and the values just never move.. they sell for what an investor will back into a cap rate or return on investment.. Now in some markets were rents sky rocketed last 5 years investment properties moved up with them.. but in markets were rents are relatively stable you will not see much movement in value as your only exit is to a landlord and one that is trained on BP to boot and backs into what they will pay for a specific cash flow. Definitely limits your upward growth in value and your exit ability.

now if your going to buy homes and Never sell them.. or your buying multi family that's another matter