Orlando to remain a strong rental market

[Russell Holmes]

This article was shared on one of the local Facebook groups I'm a part of. It's obviously written from the doom and gloom "the rent is too D*mn high!" Perspective, but from the investor side it overflows with positive. Will the market correct, slow, stall in 2019? Nobody can call it for sure. But the overall demand to live somewhere that has 17 available units for every 100 renters means to me that there is at least no true crash in demand on the horizon, regardless of what values do or don't do. Articles like this send my brain into overdrive thinking of all the potential for multi family build to hold, basic prefab homes to fill an affordable housing gap, and other projects a market like this could support. Despite a crash in values 2008-2012, my area has steadily grown in population through it all. Appreciation (recovery) in many local areas has been over 40% from 2012-2018, so if values dip again I'd be confident to recommend holding through it. Cash flow seems like it would be unaffected. Rent has no downward pressure currently other than tenants income. That may not be increasing but I don't think it's going backwards either.

https://m.orlandoweekly.com/Blogs/archives/2018/08...

Do you all get the same positive stability vibes from this "all is terrible in housing" article? What are your thoughts on overall demand for an area counteracting the risk of a short term market hiccup? Of course building large apartment complexes is a big endeavor, but if there are a lack of apartments, I bet renters would love some nice quads nearby built by smaller players. Just food for thought, I'm a relative newbie compared to many experts here so feel free to agree/disagree strongly.

[Philip Dalhausser]

@Russell Holmes thanks for sharing the article and I agree with your thoughts. Seems like the writer of the article is pretty angry with Orlando housing market. He wrote a couple of articles about the topic, one titled “Orlando Housing Market is Complete Horseshit Right Now.” I thought that was pretty funny.