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Why the Cost of Rent Is Soaring презентация
Содержание
- 1. Why the Cost of Rent Is Soaring
- 2. If it seems like your monthly rent
- 3. According to new data, the average cost
- 5. Why is this happening?
- 6. Since the financial crisis, the percent of Americans who own their homes has fallen dramatically.
- 7. In 2004, 69% of households owned the
- 9. This implies that, over the past decade,
- 10. To make up for this, builders of
- 11. This is why multifamily building starts are at a historic high.
- 13. But because builders haven’t been able to
- 14. In 2009, 8% of apartment units were vacant. Today, only 4.2% are empty.
- 16. The net result is that landlords have little incentive to negotiate on price.
- 17. In fact, just the opposite is true: They have every incentive to increase rent.
- 18. And that is exactly what they’ve been doing.
- 19. In 2007, the average rent across the
- 21. The good news is that this trend may be coming to an end.
- 22. According to Nick Timiraos from The Wall
- 23. Let’s hope he’s right!
If it seems like your monthly rent check is getting bigger at a faster rate each year, it’s not your imagination.
Слайд 2If it seems like your monthly rent check is getting bigger
at a faster rate each year, it’s not your imagination.
Слайд 3According to new data, the average cost to rent an apartment
is growing at nearly three times the rate of inflation!
Слайд 6Since the financial crisis, the percent of Americans who own their
homes has fallen dramatically.
Слайд 7In 2004, 69% of households owned the home they lived in.
But by 2014, this had fallen to 64%.
Слайд 9This implies that, over the past decade, an estimated 5.9 million
households that would have otherwise owned a home have chosen to rent instead.
Слайд 10To make up for this, builders of multifamily housing units have
tried to keep up with the increased demand.
Слайд 13But because builders haven’t been able to increase supply fast enough,
apartment vacancy rates have dropped to the lowest point in more than a decade.
Слайд 19In 2007, the average rent across the country was just over
$1,000. Today, it’s almost $1,200. That’s
a nearly 20% increase!
a nearly 20% increase!
Слайд 22According to Nick Timiraos from The Wall Street Journal: “It could
get a touch harder in 2015 and 2016 for landlords to keep raising rents as aggressively.”
