The a16z Show Real Estate in a Pandemic: Renters and Landlords (Part 2)
Jun 17, 2020
Join Connie Chan, a General Partner at Andreessen Horowitz, Richard Green, director at USC's Lusk Center, and Adena Hefets, CEO of Divvy Homes, as they dive into the complexities of the rental market during the pandemic. They discuss the heavy toll on renters and mom-and-pop landlords while navigating federal relief challenges. The trio explores tech innovations to modernize rental processes, regional real estate trends, and the need for inclusive credit assessments. A captivating conversation on the evolving landscape of housing!
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Rental Market Supply and Demand
- New construction bans and social distancing are slowing down the supply of new rental units.
- Land acquisition is stalled, impacting future supply and single-family rentals are seeing increased demand.
Rental Market Predictions
- Consider the impact of potential evictions, stimulus continuation, and landlord willingness to work with tenants.
- Demand for single-family rentals is increasing due to mortgage difficulties.
Renter Crisis vs. Homeowner Crisis
- Renters, with lower incomes and savings, are disproportionately affected by the pandemic.
- Federal relief efforts have focused on homeowners, potentially due to their higher voter turnout.