In today´s show real estate investor Colin Murphy discusses a huge topic - the decline in homeownership in the United States, the key factors that are driving this trend and how a win-win situation has been created for real estate investors.
The top factors driving this decline in the homeownership rate in the U.S. are:
Tight credit markets
Huge student debt
Low personal savings rates
The good news for investors is that (a) the current environment is excellent for property investors and (b) we have an important role to play by renting stable, long term properties to people that deserve them.
Put simply, as more people turn to renting, you can be the supplier of inventory. In exchange for providing rental properties to people that want a safe place to live, these tenants will help you pay down your mortgage, build equity in your home and fund your passive income streams. It´s a pretty good deal, BUT you have to pick the right kinds of properties to avoid being caught out in the next downturn.
Tel: 727 302 1422