416: War Against STRs, Tenant Retention, Mortgage Lessons

Sep 26, 2022

41:12

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Episode notes

Residential real estate has greater usefulness and is easier to understand than: agricultural, office, retail, industrial, and warehouse real estate sectors.

Tenants are staying in both SFRs and apartments longer than before. I discuss three reasons for today’s longer tenant retention trend.

Higher mortgage rates correlate with higher home prices. In fact, in the nine times mortgage rates increased 1%+ since 1994, home prices rose seven of those nine.

During recessions, mortgage rates typically fall. Both are opposite of what most people think.

Resort communities are almost declaring war against short-term rentals. I explore the depth of the problem and discuss solutions.

Are the wealthy at fault?

People that grew up in an area cannot afford housing in these STR hotbeds.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/416

How to Raise The Rent and Keep Tenants Happy (Video):

https://youtu.be/sqFwbn4yFhA

40-Year Mortgages:

https://www.housingwire.com/articles/newrez-

debuts-40-year-non-qm-mortgage-product/