rental market

San Jose landlords are ‘cashing in on renters,’ says report from nonprofits Working Partnerships USA and Silicon Valley Rising – Silicon Valley Business Journal

San Jose landlords are ‘cashing in on renters,’ says report from nonprofits Working Partnerships USA and Silicon Valley Rising – Silicon Valley Business Journal

“This is when a renter could be doing everything right,” Buchanan said. “They can be paying the rent on time, maintaining their housing, not disturbing their neighbors, and they can find themselves with an eviction notice pushing them onto the streets.”

More than 2,200 no-cause evictions have been reported in the city of San Jose since 2010, the report says.

Sourced through Scoop.it from: www.bizjournals.com

I believe in property rights but also believe in general fairness to all.  With 2,200 no-cause evictions, this problem needs to be addressed.

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Build to Rent Strategy Gains Popularity Driven by Lack of Inventory, Surge in Rental Demand

Build to Rent Strategy Gains Popularity Driven by Lack of Inventory, Surge in Rental Demand

10 percent of detached single-family households in the country (12.7 million out of 120 million) are renting.

Sourced through Scoop.it from: dsnews.com

Builders in Silicon Valley are recognizing “spec building” is not always automatically a sale.  It can also be a rental.  As the article points out, new sub-division builders are setting aside some of the homes for renters. 

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Experts Believe Single-Family Rental Market is Here to Stay – AAOA

Experts Believe Single-Family Rental Market is Here to Stay – AAOA

the strength of the millennial graphic and their spending power as they get better paying jobs and look to move out of their parents’ houses will be a major factor in the growth of the single-family rental market. Currently about 29 percent of the nation’s rental stock consists of single-family detached homes.

Sourced through Scoop.it from: www.american-apartment-owners-association.org

Rental restrictions coming from most condo/townhome HOAs (Home Owner Associations) are a major driving force for investors looking to buying single family detached homes in Silicon Valley. 

Expect a big fight on rent controls proposed by many municipalities as the investors will have a lot to say about these proposals to limit their property rights.

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