I am so pleased that people are talking about affordable housing! There is a lack of this type of housing in Washtenaw County, Michigan (Ann Arbor, Ypsilanti, Saline, etc). All the developers are building luxury homes that the average person cannot afford (nor does he want to). It's unfortunate that the smaller profit margins are driving developers (even flippers) away from modest home projects. I work as an agent, landlord, and flipper, and I hear every day of people looking for more affordable housing. In fact, I just lost a client to Cleveland where she will be renting a very cute home for significantly less than in my area. My portfolio of rental houses is consistently full because my tenants want to stay due to the decent quality of my homes and the reasonable rent rate that I charge. I think investors need to step back and see their role in the larger picture of our local economy.
