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NEXT: Would-be buyers choose to rent single-family homes instead
Interesting little article from NEXT on SFR buyers being priced out of buying so renting homes instead
"The economics of renting over buying are hard to ignore. Nationally, it cost $888 a month more to buy an entry-level single-family home than to rent it, says the Journal, citing September data from John Burns Real Estate Consulting. Add inflation into the mix, and the numbers are daunting to many families."
https://nextmortgagenews.com/n...
Another good data point for the long-term bullish trend towards SFRs as more and more people that need the space in a full home are going to be renting SFRs rather than buying (affordability) or renting an apartment (space concerns). Thesis remains strong for SFR investing
"The economics of renting over buying are hard to ignore. Nationally, it cost $888 a month more to buy an entry-level single-family home than to rent it, says the Journal, citing September data from John Burns Real Estate Consulting. Add inflation into the mix, and the numbers are daunting to many families."
https://nextmortgagenews.com/n...
Another good data point for the long-term bullish trend towards SFRs as more and more people that need the space in a full home are going to be renting SFRs rather than buying (affordability) or renting an apartment (space concerns). Thesis remains strong for SFR investing