Jun 13, 2021
1:53:27pm
1:53:27pm
My company has built/leased up one of these and should start construction on
Another in a couple months.
The wild thing is probably 99% of the people who rent them could afford a home in the same neighborhood relatively easy. The rent is more than a mortgage in the same neighborhood and to qualify to rent one of the units, one would easily qualify for a loan on a $350k home. 75%+ of the community would Probably qualify for a $450k+ Home loan.
It’s a lot of people who just don’t want to own a home yet but want to live in suburbs and have an attached garage and not give away amenities like pool/gym/dog park.
Some people are building homes and just renting for a year while home is built.
Some people are lifelong renters by choice.
The wild thing is probably 99% of the people who rent them could afford a home in the same neighborhood relatively easy. The rent is more than a mortgage in the same neighborhood and to qualify to rent one of the units, one would easily qualify for a loan on a $350k home. 75%+ of the community would Probably qualify for a $450k+ Home loan.
It’s a lot of people who just don’t want to own a home yet but want to live in suburbs and have an attached garage and not give away amenities like pool/gym/dog park.
Some people are building homes and just renting for a year while home is built.
Some people are lifelong renters by choice.
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