Rent Affordability Could Be an Issue For Real Estate Investors
As a property management company reviewing hundreds of applications monthly for a handful of vacant properties, we get to see first hand the affordability and income issues that face today's renters. However, is that a rental problem or an income problem. Inflation is outpacing earnings growth and rental households have more than doubled in the last 15 years. Yet, earnings have stagnated at best. So, is this an issue?