My salary didn't change at all, but homes went up 82%. The money I saved for a down payment and my salary no longer are good enough for this home and many others. This ain't even a "good" home either. It was a 200k meh average ok home before. Now it's simply unaffordable

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[–] 6 points 2 years ago (5 children)

Eventually supply will catch up with demand which will supress rent (if we do something about the price fixing) and it will no longer be a viable investment. They're probably losing a lot to management costs and capital expenses already.

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  • [–] 11 points 2 years ago

    Single-family rental is also a huge thing now.

    I work in municipal development, and since 2021, 100% of single-family subdivision developments that have approached the city have been for rental-only neighborhoods.

    And they want to put all the homes on a single shared commercial water meter on a single piece of property instead of extending public lines, so they can't even be converted later without massive infrastructure projects and replatting.

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