This newsletter is updated as the economy and situations change.
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“When people can no longer afford steak, the price of chicken goes up” Alex.
Higher interest rates and record-breaking inflation continue to financially strangle the average person. Buying a home is increasingly more difficult, still, everyone needs a place to live. It is likely, just as in our last recession of 2007, that rental properties will stay in demand for needed housing especially if home sales dwindle.
The only factor affecting rents, stronger than housing affordability, is population growth or decline. I believe California’s, population will hold or continue to grow keeping rents high.
Another significant factor is inflation which historically parallels government spending so it has some catching up to do. (Meaning more inflation ahead.)
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