will have higher cap rates, which offer tremendous value to income-seeking investors.
Given I knew in real-time that rents were weak, it was straightforward to conclude that property prices were likely capped in the short-run and may weaken as well.Millennials are now in their 30s, which means they've had 10+ years to save for a downpayment. They're also at a stage where they are settling down and having children. There's probably no bigger catalyst to own a property than children. Your nesting instincts go into overdrive as you strive for stability.
I've mentioned this before, but there are now eight males over the age of 25 still living at home with their parents within a six-block area around my house. One of my biggest fears as a dad is raising a son who does not grow up to be an independent man by 25. I cannot be too soft.that shows where millennials are buying the most homes. They certainly aren't buying as many homes in California or Washington, Hawaii, Florida, New York, New Jersey, Washington D.C. or Boston.
Just like how stock investors shouldn't fight the Fed, real estate investors shouldn't fight multi-decade demographic trends.
financialsamura Good for you because soon San Francisco will be nothing but scorched earth lol
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »