HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Regional Sections > United States


Reply

 
Thread Tools Display Modes
     
     
  #1  
Old Posted Aug 14, 2017, 8:12 PM
Pedestrian's Avatar
Pedestrian Pedestrian is offline
Registered User
 
Join Date: Dec 2016
Location: San Francisco
Posts: 24,177
Rental vs home ownership

Where can houses be rented out for more than their monthy ownership expenses and, by inference, where does it make more sense to rent than buy:


https://www.zillow.com/research/wher...m_medium=email
Reply With Quote
     
     
  #2  
Old Posted Aug 14, 2017, 8:20 PM
Pedestrian's Avatar
Pedestrian Pedestrian is offline
Registered User
 
Join Date: Dec 2016
Location: San Francisco
Posts: 24,177
The business of single family home rentals, once an almost totally Mom/Pop enterprise, has now become really big business and we can largely credit (a) "the great recession" that poured so many houses on the market at fire sale prices and (b) the inability of the current generation of 20-somethings to afford to buy homes due to heavy student debt and other reasons which, in turn, has greatly boosted demand for rentals.

The result:

Quote:
Blackstone, Starwood Merging Rental Home Businesses
Kinsey Grant Kinsey Grant Follow Aug 10, 2017 8:06 AM EDT

The deal is the biggest yet in the quickly consolidating rental home business.

Blackstone Group's (BX) Invitation Homes Inc (INVH) and Starwood Waypoint Homes (SFR) agreed to a deal Thursday that will merge their rental home businesses to create a giant landlord operating 82,000 properties in 17 metro areas, the Wall Street Journal reported.

The deal between two of the country's largest rental home owners is the biggest yet in the quickly consolidating rental home business.

The combined businesses, which have a value of about $10.7 billion, will be the largest private owner of single-family homes by far. The nearest competitor is American Homes 4 Rent (AMH) , which owns about 49,000 homes.

The merger comes after Invitation Homes and Starwood have spent the years since the financial crisis competing for properties in 10 of the 17 markets in which the new business will operate . . . .
https://www.thestreet.com/story/1426...usinesses.html
Reply With Quote
     
     
  #3  
Old Posted Aug 14, 2017, 8:28 PM
ChargerCarl ChargerCarl is offline
BANNED
 
Join Date: Nov 2015
Location: Los Angeles/San Francisco
Posts: 2,408
The green are all cities with rent control and difficult eviction processes?
Reply With Quote
     
     
  #4  
Old Posted Aug 14, 2017, 9:15 PM
Pedestrian's Avatar
Pedestrian Pedestrian is offline
Registered User
 
Join Date: Dec 2016
Location: San Francisco
Posts: 24,177
Quote:
Originally Posted by ChargerCarl View Post
The green are all cities with rent control and difficult eviction processes?
To quote the article:

Quote:
There’s an obvious trait these markets share: With the exception of Denver, they also top the list of the ten most expensive major housing markets in the country. And while rents are also high in these markets, home prices are higher.

Nationwide, the full purchase price of the average home is equivalent to 11 years of the median U.S. rental payment. In the most expensive markets, it would take almost double that length of time – more than 20 years of rental payments – to pay for the price of a home in full. If expected home and rent price appreciation were projected to be the same across all markets, we would expect all markets to have a similar price-to-rent ratio. But that’s not what happens: In more expensive markets, home values are a higher multiple of annual rental payments . . . .
https://www.zillow.com/research/wher...m_medium=email
Reply With Quote
     
     
  #5  
Old Posted Dec 4, 2017, 5:37 PM
CherryCreek's Avatar
CherryCreek CherryCreek is offline
Registered User
 
Join Date: Feb 2015
Location: Denver
Posts: 897
Quote:
Originally Posted by ChargerCarl View Post
The green are all cities with rent control and difficult eviction processes?

Denver may be an exception on this one too. No rent control, not difficult eviction process.

On the other hand, Denver may just be in transition from what was once an affordable city (circa 2011) into becoming a not-so-affordable one and joining the "green" cities on the list.
Reply With Quote
     
     
End
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > United States
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 7:58 AM.

     
SkyscraperPage.com - Archive - Privacy Statement - Top

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.