Covid's Impact on the Rental Market - Past and Future | PREI 313

Passive Real Estate Investing

Real Estate Investing with Marco Santarelli, Investor and Entrepreneur.

Education, Business, Investing, Entrepreneurship, How To, Business:investing

4.6 • 968 Ratings

🗓️ 1 December 2020

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

The COVID-19 pandemic is an unprecedented shock to everyone and every industry and that includes the real estate market. It created changes for many of us, affecting practically every facet of our lives. Movement had been seen from urban to suburban areas. There's a rise and fall in rent prices in different states. Indeed, it was a change that we did not see coming. Let's take a look at what happened and the possibilities of what can happen in the future particularly in the residential rental market. Download your FREE copy of The Ultimate Guide to Passive Real Estate Investing. IF YOU LIKE THIS PODCAST we would love it if you would go to iTunes and Subscribe, Rate & Review our podcast. This will greatly help share our podcast with others wanting to learn. Thank you!

Transcript

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0:00.0	Welcome to passive real estate investing, the show where busy people like you learn
0:05.2	how to build substantial passive income while creating wealth for the long term.
0:09.2	And now here's your host, Marco Santorelli.
0:12.3	Hello and welcome to another episode Now here's your host, Marco Santorelli.
0:13.2	Hello and welcome to another episode of passive real estate investing.
0:16.6	I'm your host, Marco Santorelli.
0:19.0	Well, today I want to talk a little bit
0:20.9	about COVID's impact on the rental market, both past and future.
0:24.8	I have a special guest coming on here in a couple of minutes, but I just wanted to touch upon it
0:30.3	to a small degree because this is really shaping housing trends and especially
0:36.6	rental housing trends. You know we are living in an environment right now where
0:41.0	affordable housing in the US remains very very low in fact most of the
0:46.0	housing stock under the $200,000 price point and I'm talking nationwide here makes up only
0:52.4	10% of the housing stock out there.
0:54.9	So it's very difficult to actually find investment property that usually makes sense at
1:00.6	the $200,000 to $250,000 price point and below all the way down to $100,000 or so,
1:07.0	that housing stock only makes up about 10% of the market,
1:10.0	and it's diminishing. The affordable housing in the US remains very low,
1:14.3	almost historically low actually. Potential homeowners have just been nervous because of COVID,
1:19.5	you know, job security has been in question for many, many people and they're not sure how that's going to unfold going into the new year 2021.
1:28.0	And rental housing trends are now including more and more online and virtual type tours.
1:35.0	And that's actually one of the main trends.
	...

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