2020s Not a good decade to be a Landlord: -Apts for millennials have been sprouting for…

16RWrumxKd8NGCSpaQATUVUSoUBe5s3vVV · October 11, 2020

2020s Not a good decade to be a Landlord:
-Apts for millennials have been sprouting for 15 years. housed now
-old age boomers are going to unload 50m homes
-Fewer Chinese nationals buying unoccupied urban units
-30 yr urbanization trend has reversed

Replies

1FC9hRcaFw9Ys5gRxNdD7T4ZFQL2sc2HfC · October 11, 2020

As a 30 year old i have a mortgage. But i hate the idea of bring stuck to one location

16RWrumxKd8NGCSpaQATUVUSoUBe5s3vVV · October 11, 2020

Not saying anybody will get crushed overnight if you need to lease it.
Trend y/y is not likely in favor here tho.
In one hot zip code, 100s of THs were bought up by people thinking they could rent people in their 20s.
Devs came along- Built 10K units

1FC9hRcaFw9Ys5gRxNdD7T4ZFQL2sc2HfC · October 11, 2020

But now i need a sewer pipe, 10k or do it myself, and a roof in 5 years, 20k or do it myself for 5k

1FC9hRcaFw9Ys5gRxNdD7T4ZFQL2sc2HfC · October 11, 2020

Yeah, but problem with apartments or rentals. Rent increases. Currently in California with wild fires and homes being destroyed. Rent averages 1600 a month for a 3 bedroom. My mortgage will remain at 1000. Only upside to owning.