RENTS CONTINUE TO GO UP
Homeownership rate in the first quarter was highest in the Midwest at 68.6 percent and lowest in the West at 58.5 percent. That’s because our rents are so high compared to other areas. If you own a rental property you are doing well. It’s a good time to buy and hold. Even if you can’t qualify, find someone in trouble and do some kind of creative financing. That’s what i teach my students. Even if they have no equity, no can make money.
Look at these charts. Rents have gone up through good and bad times, but home prices have not.
