What do you think - CA could be Majority Renter State by 2025?

[Michael Zuber]

The following Quote stopped me in my tracks and I had to read it a several times.

CAR projects that by 2025, California will be a majority renter state. “Home ownership is becoming a luxury item,” Appleton-Young said.

If this is true what does it mean to be a landlord in California going forward?

What do you think?

My Thoughts -

If Ownership is a Luxury Item then it should be very profitable to be a Landlord of Affordable Housing

It should be profitable with solid margins to Buy Slumlord Properties and Convert to Pride of Ownership Rentals

Is there a Dark Downside of being a landlord in CA if > 50% of residents are tenants???

What am I missing?

Z