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Updated over 4 years ago,
What Housing Crisis?
"Hi, I'd like to give notice that I will not be renewing my lease, as we have bought a house".
"Hi, would you allow a short term rental, as we are building a house and our last house sold within a week and we now have no place to live."
These are the messages I am receiving for the past month. I'm having a lot of turnover, because my tenants keep buying their own houses! Great for them, not so great for me. I was excited about the low interest rates, until I found out that my tenants now want to buy their own home. Also, that second quote is happening a lot as well. Houses are selling super fast and now people are wondering where to live until their new and bigger house is built.
So I ask, what housing crisis? Stock market climbing back up, people buying houses. Now, where is that 4-8 plex for sale that I've been looking for these past few months???