Related articles:
“...apartment buildings have experienced robust demand from tenants.”
Mandatory Section-8 Housing in currently nice neighborhoods in Blue Cities and Towns.
Illegals.
Anyone who invested in rent apartments because of what happened during the pandemic should have their heads examined.
People often do things well after the economic justification for them has passed. It’s how bubbles sometimes happen.
In every economic decline or stress, you learn who know what they are doing - and who was just along for the ride up.
Money transfers then, from weak hands to strong hands.
No pity whatsoever.
The landlords don’t have to worry. Millions of “new people” are slipping across our wide open border. They’ll need somewhere to live and Fedgov will gladly pay whatever the landlord has the guts to ask for.
How easy was it to evict someone during the pandemic? I’ve heard different things. There was a moratorium, but then the landlord had to evict for something besides nonpayment of rent. I’m not sure how easy that was.
I’m glad I got out of the rental business before the pandemic started.
Never count on “good times” lasting.
How could they afford to do that when a lot of them weren’t getting rent from their tenants because of the rent moratorium by the government?
While at the same time governments are doing their best to make eviction illegal.
Location, Location, Location.
From Indiana to GA, FL and TX there is a housing shortage ad landlords can expect relatively low overhead and profit.
In many other markets the lack of job creation results in the lack of home buyes....meaning unemployed renters. And those who do pay the rent are moving to metro Atlanta......
And nobody is facilitating their education to economic reality.
I work closely with a company that owns apartment buildings. I have access to the financials. It’s like printing money
Too bad, so sad.