I have a tenant, they have been renting the same prop for 12 years now, they could have paid off the mortgage in that time instead. Their careers have taken off, they are earning triple the money, but they spend it just as fast. They cannot save. They wished they had bought a property by now.
Anyway, the bears need homes, and we investors are there with the homes for them. Supply and demand is working perfectly. Investors have not been as active in purchasing more houses, and new homes are not being built. The housing supply has stagnated. But the kids are still moving out from home, and the migrants, whether legal or illegal are still coming in. The money supply that previously went into purchasing, has been spent on renovating instead. There is still money out there. I know some Gen Zers, they have a different mind frame to the Gen X and Y's. Its all good.
