Mar 20, 2017
In this episode of the High Return Real Estate Show, the hosts
of the show, Jack Gibson and Jeff Schechter, talk about future
renting trends in the United States.
- How the rental market is changing
- What kind of lifestyle do they have?
- What cities are they moving to?
Key Lessons Learned:
- Right now they are ages 20-36.
- Due to the mortality of the Baby Boomers, Millenials are now
the LARGEST demographic group in the US.
- Nearly 76 million strong.
- Due to the immigration of this age group, that number is
continuing to increase.
- Live with their parents longer, but once they move out they
gravitate more toward inner city.
- They wait longer to get married.
- They are much more transient than Gen-Xers or Baby
Boomers...not afraid to move to a new city for a new career, new
- Because of inflation, cost of living, etc, They make less in
spending power than their parents or grandparents.
- They often cannot afford to buy a house, especially in the
areas where they want to live.
- They are MUCH more likely to rent in or near the core of a
- Large numbers working in Tech, so they want to live in cities
that have a good sized tech community, and THAT’s where things get
- Trendy “techy” cities are all very expensive to live in.
- Many employers are setting up operations in NOT SO OBVIOUS
cities in The MIDWEST.
- The MIDWEST has plenty of good considerations, they all have
good price-to-rent ratios, but the smart investors will dial it in
a little more: State taxes, cost of insurance, legalities of
eviction, stability, crime rate, and ROI.
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On the next show…
How the Trump Presidency may affect Real Estate investors.