R
RyanTucker
New Member
A question people often ask is whether or not investing in a property for the purpose of renting is a wise and safe investment. Here are a few facts to consider:
First, foreclosures are at an all time high.
What that means is there are thousands of displaced people who are looking to rent a property for themselves and their family. These people will not be able to purchase a home until their credit scores recover, which means they will be renters for some time.
It is Housing. Plain and Simple. People have to have a place to live with a roof over their head.
Second, according to the U.S. Census Bureau as of January 2012 the total U.S. population is at 312,848,157 people. They project it to be at 439 Million by the year 2050. With this large increase in the population the need for housing is on the rise.
Third, who rents homes? According to the U.S. Census bureau as of September 2011 34% of the total U.S. population live in homes that are being rented. It has been projected by the NAA (National Apartment Association) that the U.S. home ownership rate will decline 6-8 percent over the next decade. For each single point of decline in the rate the demand for 1 million rental-housing units is created. So, let all the numbers speak for themselves. Our population is going up and the number of people who will have to rent a home as opposed to buying a home is going up.
Certain cities have higher rent demand than others.
But rent income creates a great potential great ROI.
What do you think?
First, foreclosures are at an all time high.
What that means is there are thousands of displaced people who are looking to rent a property for themselves and their family. These people will not be able to purchase a home until their credit scores recover, which means they will be renters for some time.
It is Housing. Plain and Simple. People have to have a place to live with a roof over their head.
Second, according to the U.S. Census Bureau as of January 2012 the total U.S. population is at 312,848,157 people. They project it to be at 439 Million by the year 2050. With this large increase in the population the need for housing is on the rise.
Third, who rents homes? According to the U.S. Census bureau as of September 2011 34% of the total U.S. population live in homes that are being rented. It has been projected by the NAA (National Apartment Association) that the U.S. home ownership rate will decline 6-8 percent over the next decade. For each single point of decline in the rate the demand for 1 million rental-housing units is created. So, let all the numbers speak for themselves. Our population is going up and the number of people who will have to rent a home as opposed to buying a home is going up.
Certain cities have higher rent demand than others.
But rent income creates a great potential great ROI.
What do you think?