Editorials & Other Articles

getagrip_already

(17,800 posts)

5. funny, now that I think of it, but in the 80's it was just the opposite.....

Tue Sep 28, 2021, 09:17 AM

Sep 2021

When I graduated college, most buildings where I wanted to live were rental units owned by owner/operators. Then, at some point in the 80's, there was a blinding rush where these owner/operators converted their buildings to condo's and cashed out.

It became very difficult to find good rental units.

Now it seems the worm has turned. As condo's and homes come on the market there is a lot of corporate money waiting to vacuum them up and convert them back to rentals. Some day soon, too many renters will have a kushner for a landlord.

It may not be so much that people want to rent, as much as there is so little affordable inventory they have no choice.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

DC: Renting Has Overtaken Homeownership In Many DC Suburbs 2010-19, More Than 49 Maj. Metro Regions [View all] appalachiablue Sep 2021 OP

Maybe not in my exurb, but I do rent my house in southern MD. elleng Sep 2021 #1

My niece is 30. Financially, we have very similar sensibilities except in this area, and I think Scrivener7 Sep 2021 #2

not sure how meaningful that is in DC.... getagrip_already Sep 2021 #3

I live in Gainesville, FL a lot of building in the past 5 years. Mostly rentals with some meium katmondoo Sep 2021 #4

funny, now that I think of it, but in the 80's it was just the opposite..... getagrip_already Sep 2021 #5

This message was self-deleted by its author appalachiablue Sep 2021 #6