WSJ’s take on Single Family Homes
Published on: Wednesday, September 23rd, 2015
The Wall Street Journal had a very interesting article about the single-family home market in the United States.
The gist of it is that home ownership is down (63%), renting is up (from 9% to 13% of housing stock). This has been trending like this since the housing crash and large players in the single-family home industry are betting that this won’t change anytime soon, largely because of more strict lending, but also because at some point in the future the cost of money will have to go up which will add to the difficulty of buying a home.
This bodes well for those of us with portfolios that consist of single-family home rentals and may serve as notice to others that this investment strategy, while historically a good idea, will get better over the next few years.