This is being done out of necessity.

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Jun 13, 2021
1:42:04pm

spugeddy24 AOC #1 Fanboy

No such thing as a lower cost starter home in many communities anymore. And down payments are massive right now.

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Originally posted on Jun 13, 2021 at 1:42:04pm

Message modified by spugeddy24 on Jun 13, 2021 at 1:43:00pm

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spugeddy24

Bio page: spugeddy24
Joined: Aug 10, 2009
Last login: Jun 21, 2024
Total posts: 78,928 (27,932 FO)

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Messages

Author

Time

Built-to-rent Suburbs.....

mokelembembe All-American

6/13/21 1:13pm

Another failure of government and central banks

Backcountry

6/13/21 1:21pm

Actually, they'd probably consider it a success.

Shore10

6/13/21 3:31pm

My company is building 2 BTR communities.

JohnnyC

6/13/21 1:30pm

Makes sense. We’ve gotta find some kind of way to build lots of cheap but decent housing that doesn’t get the boomer

JollyGreenGiant

6/13/21 1:35pm

Seems like knock-on effect of student loans and young people wanting suburb life

bruincoug

6/13/21 1:38pm

This is being done out of necessity.

spugeddy24

6/13/21 1:42pm

My company has built/leased up one of these and should start construction on

SpecialKC

6/13/21 1:53pm

Plenty of people want to own, but they can’t afford a massive down payment.

spugeddy24

6/13/21 1:55pm

So this doesn’t really solve any problems for them then…

Mike Honcho

6/13/21 1:58pm

It gives them a decent place to live since they cannot buy. Plus they get a burbs feel. That’s a win for many.

spugeddy24

6/13/21 2:01pm

Sure, but as you point out many want to OWN, the issue isn’t finding a decent place to rent

Mike Honcho

6/13/21 3:12pm

Lots of people in early career turmoil too. Not sure if they’re staying someplace longer than a year or two

JollyGreenGiant

6/13/21 1:57pm

Completely understand it, but depresses me greatly

Memmo

6/13/21 2:08pm

If allowed to take off this will massively destabilize the US. Neofeudalism

valleus

6/13/21 2:28pm

I already feel that way when I drive through Lehi/Saratoga now. Huge migrations of people from giant apt buildings to

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