Housing market is strange right now. I heard we are possibly in a housing recession, a housing bubble, a housing bust. Experts might be right. As I watch in the Houston area, any homes around 300k are being swallowed up by investment groups. With interest rates and inflation on the rise, soon most people will not be able to afford a home. It costs a lot more to borrow that money. So where do all of these people go? Here come the landlords. These investment groups had the foresight and acted on it. I think rent will be the new game for investors and owning a home will one day become a luxury.
It will be especially tough for the upcoming generation. The starter home doesn't really exist anymore. Builders have no interest in building lower level homes, there's so much more profit in the mid to upper levels.
With rent being the new game, even Bezos is getting in on it, see article below. The middle class is certainly shrinking everyday...
TIME FOR THE TWATFEST!!!
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Housing market is strange right now. I heard we are possibly in a housing recession, a housing bubble, a housing bust. Experts might be right. As I watch in the Houston area, any homes around 300k are being swallowed up by investment groups. With interest rates and inflation on the rise, soon most people will not be able to afford a home. It costs a lot more to borrow that money. So where do all of these people go? Here come the landlords. These investment groups had the foresight and acted on it. I think rent will be the new game for investors and owning a home will one day become a luxury.
It will be especially tough for the upcoming generation. The starter home doesn't really exist anymore. Builders have no interest in building lower level homes, there's so much more profit in the mid to upper levels.
With rent being the new game, even Bezos is getting in on it, see article below. The middle class is certainly shrinking everyday...
https://www.yahoo.com/video/jeff-bezos-backed-real-estate-150723551.html