Church Sermons, Prison and Mom and Pop investor impact on rental housing in America
SFR 2.0: Fleeing the prison of the past on the way to renting local
This week’s Real Estate News and Market Moves feature the words that followed last week’s quote by Father Michael at Grace Episcopal in Charleston.
“What has been, has been. Let it be. Let it go. The past can be a prison.”
It’s sage advice, not only for personal reflection, but also for the dramatic real estate market shift we are experiencing and its impact on the SFR asset class.
Over the past 5-10 years, the headlines have been about institutions and their significant impact in the SFR space. The reality is that institutions STILL own a tiny, tiny percentage of SFR homes nationwide—estimated to be around 500,000.
Living with logic about a market that no longer exists can cause extreme frustration to both an organization and its people. However, seeing and embracing the winds of change can be liberating for the same organization and its people.
This is why Auben is diligently working to be the national industry leader in SFR 2.0.
Few organizations in the country have the clarity on the societal trends affecting our industry like SVN. They recently produced the excellent podcast below highlighting the importance of local experts serving the massive SFR rental trends in America.
As SVN CEO, Jeff Cline, points out:
- For 16 out of the past 20 years, renting a home has been cheaper than owning that same home—even with historically low interest rates!
- Typical investors are not institutions but actually mom and pop local folks
- Big institutions are not only pausing, but liquidating their inventory
For an in-person conversation around Real Estate News and Market Moves, join us on Wednesday, March 29th at 10:30AM at 909 Walker St in Augusta, GA.
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