Renting is expanding while homeownership is contracting
Today investors are lucky. We indeed are living in a time where investors (by that definition) are lucky.
Household formation is on the rise and the percentage of households that is choosing to rent is also increasing.
This supply and demand is in favor of the landlord which means rents are also on the rise.
As many articles from sources like Yahoo Finance the National Association of Realtors, Mortgage magazine, etc. all mimic a similar sentiment. A growing number of people are feeling comfortable not being tied down to the obligation of homeownership right now.
In fact with today’s fast-paced global economy, many feel they may lose opportunity if they are tied down to homeownership. All this suggests landlords have a great opportunity to build a long and thriving business.
You can be comforted in knowing most tenants are not renting because they feel forced to after a bad economy. While this does affect some of the tenants, most are choosing to rent as a lifestyle choice, and you as an investor can fulfill that need. READ MORE
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