a16z Podcast

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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INSIGHT

May Rent Payments

  • May rent payment numbers are similar to normal, due to delayed payments and unemployment benefits.
  • Renters prioritize rent if they have the means, as seen during the 2008 financial crisis.
INSIGHT

Future of Rental Market

  • Supplemental unemployment benefits expiring in July could create problems for the rental sector.
  • Short-term rental units entering the long-term market aren't reflected in current statistics.
INSIGHT

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.
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