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.