Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,790
- 2,210
I think there is some truth to that. I'm a landlord and have never seen the rental market this hot as I have the last five years or so. Not many people are interested in owning a home today. It's kind of like a new trend.
The last apartment I advertised was exactly three years ago. Usually in the winter, you get very few replies because most people move in the spring. However that time, I had over a dozen in my mail the next day; some of them saying they will take the place sight unseen.
In California, they were proposing a rent limit because landlords were taking so much advantage of the market. Unlike when I was younger, the American dream is no longer owning your own house. It's renting now.
I think today's society is more mobile, people are no longer living in the same town their whole lives and working for the same company. One of the things that slowed the recovery from the last election was that people could not go to where the jobs were as they were upside down on their houses and did not want to just walk away. People want the freedom and flexibility to go where they are lead to go or where their job leads them.
True, more of a gig society and that Is one of the reasons for the ACA, which in the end would of replaced cobra (not sure if they still have cobra). The issue is so many stay in a job just for health ins, so the thing is take it with you. There will come a day in the US where HI is not dependent on a job and it will be according to income, if the GOP's or Trump likes it or not.