I close on a new rental in 4S in about a week and have another one under contract, as the seller is in a BK, might take a few months.
So far, every time I have one open up, I have a strong qualified tenant with a good solid job come in within days. I may have to make a minor compromise and allow a dog but we know how to deal with that.
For all the talk of isms’, we don’t have the choice to shut things down, interest rates are being held down, there is limited new inventory and new construction. A relative of mine used to work in the Treasury dept in Washington, he explained basic policy to me about 15 years ago. The government wants consumers to feel “wealthy” with rising home equity so they will borrow and spend. They don’t want a high savings rate and austerity for fear of a contraction.
So combine that and we have the effect of housing inflation, rent inflation but now many underutilized people, unemployment fortunately not too high here but regardless of who wins, they have to keep the game going.
