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Jun 13, 2021
1:42
:04
pm
spugeddy24
AOC #1 Fanboy
This is being done out of necessity.
No such thing as a lower cost starter home in many communities anymore. And down payments are massive right now.
This message has been modified
Originally posted on Jun 13, 2021 at 1:42:04pm
Message modified by spugeddy24 on Jun 13, 2021 at 1:43:00pm
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spugeddy24
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spugeddy24
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Messages
Author
Time
Built-to-rent Suburbs.....
mokelembembe
All-American
6/13/21 1:13pm
Another failure of government and central banks
Backcountry
6/13/21 1:21pm
Actually, they'd probably consider it a success.
Shore10
6/13/21 3:31pm
My company is building 2 BTR communities.
JohnnyC
6/13/21 1:30pm
Makes sense. We’ve gotta find some kind of way to build lots of cheap but decent housing that doesn’t get the boomer
JollyGreenGiant
6/13/21 1:35pm
Seems like knock-on effect of student loans and young people wanting suburb life
bruincoug
6/13/21 1:38pm
This is being done out of necessity.
spugeddy24
6/13/21 1:42pm
My company has built/leased up one of these and should start construction on
SpecialKC
6/13/21 1:53pm
Plenty of people want to own, but they can’t afford a massive down payment.
spugeddy24
6/13/21 1:55pm
So this doesn’t really solve any problems for them then…
Mike Honcho
6/13/21 1:58pm
It gives them a decent place to live since they cannot buy. Plus they get a burbs feel. That’s a win for many.
spugeddy24
6/13/21 2:01pm
Sure, but as you point out many want to OWN, the issue isn’t finding a decent place to rent
Mike Honcho
6/13/21 3:12pm
Lots of people in early career turmoil too. Not sure if they’re staying someplace longer than a year or two
JollyGreenGiant
6/13/21 1:57pm
Completely understand it, but depresses me greatly
Memmo
6/13/21 2:08pm
If allowed to take off this will massively destabilize the US. Neofeudalism
valleus
6/13/21 2:28pm
I already feel that way when I drive through Lehi/Saratoga now. Huge migrations of people from giant apt buildings to
JollyGreenGiant
6/13/21 2:41pm
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