Build to RENT Homes EXPLODE 300% | This is CRAZY

Build to RENT Homes EXPLODE 300% | This is CRAZY

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[gsyn]

that might be their plan for working people, "owning nothing and being happy". They can do it by raising HOA, insurance, and property tax

[waltersobchak]

Looking today at a home priced at 399. Was listed for 599 end of 2022! Fort Worth area. Waiting is winning in my area

[avenger]

"This country is undersupplied in rentals.", "This country is undersupplied in single family homes." I wish I knew where all these people came from after 2020. We were actively looking for a home in 2018-2019, and it was very competitive but still seemed normal. Coming out of COVID it was like Mad Max and the Thunderdome for any house that hit the market. Demand emerged out of thin air and the entire market changed almost overnight, no matter the price.

[Caballerocons]

You will owe nothing and be happy - wef

[cubicleinvestor]

Build to rent communities also help restrict supply of homes for sale, which artificially supports higher housing prices imo.

[BMW]

I’m in the Gwinnett County area of metro Atlanta. These communities are popping up all over. In fact, there is a HUGE rental community being built a half a mile from our house. Most of the homes in these communities are renting for $2, 500-$3, 000 per month and are sitting empty. It’s disgusting!!!

[rl]

I have a good realtor friend who isn't greedy and really looks out for her clients, and she's feeling so bad because she refuses to let someone overpay and is very detailed for her clients.

It's been a lot of no home sales, but at least she has a clean conscious.

She's about to find other work. She's not rich at all, she deals with starter homes and it's been such a bummer. For her clients realizing what the market has become and for her, a hard working honest woman.

[Wonthappen]

I’ve seen these in Willow Springs, Lincolnshire, and Vernon Hills. All in Illinois.
Absolutely Bonkers!

[katydid]

I saw these in suburbs of Phoenix 10 years ago. Thought it was weird they built them in a sketchy neighborhood with crappy schools.

[btrasbt]

Phoenix Arizona is very high because you also have the LDS church building rental communities as well. The LDS church also invests a lot of money into American Homes for Rent.

[koko-zyxd]

Yes. I live in Maryland outside of Washington DC, and I've seen a lot of new build to rent coming.

[colliswilliams]

Everybody telling me to buy before it's too late owns a home and multiple rental properties. You might say they have a bias.

[YoPhocFays]

Don't buy. Keep renting till the crash

[john.johnb_online]

Invaluable information.
Maybe people should read up on Klaus Schwab, oh as well as the Jekyll island meeting. You’ll have a deep inner standing of why all this happens in their cycles. Organic?
NoT.

[mrbob]

I bet ya backdoor deals with county accessors for propery taxes

[mylegalassistants]

Travis before the market went to hell we wanted to downsize because we're going into our retirement age.

The maintenance to keep up a 20 year old house is astronomical!

Even houses 5-10 years old people can't afford the maintenance due to the economy!

We're seriously considering selling our house and renting until the bubble pops.

This year along we have to put a new roof on the house, the 6 ft privacy fence needs to be rebuilt, the 20 year old carpet is the original carpet put in the house when it was built, it's a mess but is the last on our list.

The houses built in the last two decades weren't built well...

On about 2, 600 sq ft our electric bill runs around $270 in the hot months and around $160 in the cooler months.

We have programmable thermostats to keep our electric bills down.

During the day in warm months the downstairs at 74 is comfortable as we only have hardwood and ceramic tile floors.

In the winter we keep the downstairs at a constant 69, with a cardigan or light weight hoodie it's comfortable.

During the hot months, upstairs our thermostat is set to slowly start going up to 75 after 8 am. Then at 7 pm it's set to slowly go down to 70...

In the pre pandemic and housing bubble the real price of our house was between 265k and 280k.

Now its between 399k and 419k WHICH IS TOTALLY UNREALISTIC!!!

Our neighborhood is the best in Bethlehem Georgia for the price of under 500k. The top neighborhood is 600k to 900k...BOTH ARE NOT SUSTAINABLE IN THIS ECONOMY!!!

If we sold right now we'd walk away with around 120k giving a 35k discount for the above repairs.

Our neighbors wouldn't be happy but our happiness is more important...

We feel stuck in an older house that's killing us with maintenance!

Renting would be more sustainable for us. It's a hard decision because all of our memories of our children growing up from middle school forward are in this house.

The memories of our 7 year old granddaughter are also in this house from birth onward.

Im trying really hard to to separate those memories knowing that we can make new memories somewhere else...

[wmtrombley]

Can you make a video about "assumable mortgages".
I just learned about them and my mind is blown.
There is no way in hell I am paying the current interest rates.... but using an assumable mortgage, I can take over someones 2-5% interest mortgage. Yes, the down payment could be high... the "down payment" in this scenerio is the difference between the price you agree to pay for the home and the current principal left on the mortgage. BUT, if you find an assumable mortgage that was just started 2021-2022 when the interest rates were super low, there will be barely an principal paid off on that mortgage, so your "down payment" will be more like normal 20%.
If you are trying to get a assumable mortgage with no cash upfront (no down payment money), probably going to be really hard. But if you have some cash, this will work for most. I think I have all this right. Make a video about this please.

[rosemarywilliams]

I have buyers remorse due to HOAs driving me insane and traumatizing me so much that I've officially given up on the US housing market! As well as the rental market at this point I'm calling it a loss on my life savings and spending the rest of my old years 39+ looking for a afordable hut away from corporations of any size. I'm just sad about the whole thing.

[raymond_sycamore]

Redwood Living, Inc. just finished 130 single story built to rent units just outside of my municipalities border. It's ugly and awful! I miss the cows!

[christinewilliams]

Thank goodness you are getting to the point