Rental housing is in higher demand than ever before.
According to the Harvard Joint Center for Housing Studies report, America’s Rental Housing 2022, the number of new renter households increased by more than 870,000 since the beginning of the COVID health pandemic. The report identifies five causes for the surge in demand for rental housing:
1. Large number of millennials moving through their 20s and 30s: ages where renting is most common
2. Rapid growth of older renters: baby boomers aging into their 60s and 70s
3. Sharp rise in rentership between 2009 and 2019 for younger and middle-aged households: signaling delayed transitions to homeownership
4. The growing popularity of renting among older households: contributing to increases in both the number and share of higher-income renters
5. The increasing diversity of U.S. households: lifting demand for rental housing.
Investing in SGL's Affordable Rental Housing Communities
In today’s real estate market, the demand for affordable rental housing is more pressing than ever. This presents a unique opportunity for investors to contribute to a cause with immense social value while achieving substantial financial gains. In the White Paper CLICK HERE I outline the key benefits and strategic advantages of investing in our affordable rental housing communities.
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