I’m glad to see some actual numbers. I am curious how quickly that is changing. I was a social worker for ten years until the last few months, and I would help people find housing all the time. It feels like there used to be more “mom and pop” landlords when I first started compared to now. Now I see this corporate players for the majority of rental listings.
I think the high price of housing will eventually prevent most individuals from buying a rental property, and like every other industry, the immensely wealthy corporations will take over. My last landlord paid $800 per month for her mortgage on the place. If someone wanted to buy a comparative property to rent out today, their mortgage would be closer to $5400 per month. There aren’t a lot of people who could commit to that. The ladders are being pulled up.
I’m glad to see some actual numbers. I am curious how quickly that is changing. I was a social worker for ten years until the last few months, and I would help people find housing all the time. It feels like there used to be more “mom and pop” landlords when I first started compared to now. Now I see this corporate players for the majority of rental listings.
I think the high price of housing will eventually prevent most individuals from buying a rental property, and like every other industry, the immensely wealthy corporations will take over. My last landlord paid $800 per month for her mortgage on the place. If someone wanted to buy a comparative property to rent out today, their mortgage would be closer to $5400 per month. There aren’t a lot of people who could commit to that. The ladders are being pulled up.