This will be a strong tailwind for the Class C rental market, as low-wage tenants can afford rising rental rates.2.

The true need here in Memphis is affordable housing. 

However, don't buy a condo simply because it's the only thing you can afford at this present moment in time.  

Bottom line: “When it’s all said and done, 2021 will go down as a year when housing affordability went from bad to really bad, especially in mid-sized markets,” per Apartment List’s Rob Warnock.

I am a newbie investor from Northern Virginia, and have been looking for more affordable and cash flowing markets in Virginia to invest in, and wanted to look into Norfolk.

so prices tend to be more affordable.

It’s painful to see people pulling back from the market in fears of overpaying because of false narrative that affordability is declining.

Lower class properties take more work with more problems and require constant attention that a property manager just can't afford. 

She can't afford the house on her own but the first year is going to be paid up front in full after settlement with the proceeds from the sale (150K-122K). 

This will be much more affordable than having them draft one up from scratch.