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U.S. Rental Market: Tilted Against Low-income Renters?


While the Obama/Trump economy is purring along, those on the economic margins are still struggling as low-income housing options are tumbling.

HousingWire.com reports that at a recent roundtable discussion at the Wharton School, University of Pennsylvania, housing experts agreed that the current market is promoting inequality.

They noted that the basic problem is one of classic supply and demand.

Zillow Chief Economist Aaron Terrazas said this is a result over-investment in upscale rentals and an exodus of well-heeled Millennials who have opted to buy instead of rent.

Terrazas: “Those high-income young adults who typically rent those apartments have been out buying homes. The labor market is very tight. Interest rates are still very low. Those are the people who have been propelling the purchase market, leaving vacancies in the rental market. That’s not happening for lower-income renters.”

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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