Updated 03/28/23 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 Schauffert. As an analogy in this case steak being the home you buy and chicken being the home you rent. 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. The highest market rents may fall off a little but the mid-level and lower level rents should stay strong, maybe even continue to rise. The only factor affecting rents, stronger than housing purchase affordability is population growth or decline. I believe California’s, population will hold or continue to grow in the future.
Another significant factor is inflation which is always on the rise.
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