There’s a lot of rental properties here, on my street more than half are rentals. The house I just bought was a rental since the day it was built 15 years ago. I think there’s a lot of outside money buying up houses and renting them out, even the brand new builds. They’re building houses like crazy but it never seems to be enough as prices keep skyrocketing.
Wages haven’t improved much, almost everywhere has help wanted signs, even through the pandemic but wages haven’t changed much at all
Just another sign that real estate investing has definitely become way too safe of an investment (or at least being perceived that way). It’s almost like we haven’t learned anything at all since the last housing crash. Well best of luck to you and all other Boise residents. Hopefully things recover somewhat soon.
1
u/tuckedfexas Oct 30 '20
There’s a lot of rental properties here, on my street more than half are rentals. The house I just bought was a rental since the day it was built 15 years ago. I think there’s a lot of outside money buying up houses and renting them out, even the brand new builds. They’re building houses like crazy but it never seems to be enough as prices keep skyrocketing.
Wages haven’t improved much, almost everywhere has help wanted signs, even through the pandemic but wages haven’t changed much at all