Selling Real Estate

Wall Street Landlords Planning MASS EVICTION (Housing Crash Phase 2)

Landlords have unleashed a huge wave of Evictions across the US Housing Market. Particularly in Metros like Miami, Tampa, Phoenix, and Las Vegas. This is the start of Phase 2 of the US Housing Crash.

Data from Zillow shows that Rents in America have increased by 24% over the last 18 Months. Meanwhile data from the BLS shows that Wages have only increased by 8% in that same period – 3x Lower.

This differential means that Americans cannot afford the prevailing Rental Rates. And as a result tenants in metros like Phoenix, Orlando, and Dallas are getting evicted at near record rates. Wall Street Landlords jacked up the rent too much in these cities and now them and tenants are paying the price.

Of course – it’s not only the Landlords fault. The US Government’s historic intervention in the Housing Market during the pandemic included an Eviction Moratorium as well as $50 Billion in direct Rental Market Stimulus. The combined effect of these programs helped cause Rents in America to surge by 24%. Now that these programs have expired, Evictions are surging.

But that’s not all. Demand for new apartment leases in America is also collapsing according to data from Real Page. This is happening at the same time that Mortgage Demand in America is also plummeting. Suggesting that the US Recession is here and worse than anticipated.

In addition – new apartment construction has also hit record levels. RealPage shows that metros like Denver, Atlanta, and Austin have a huge pipeline of apartments under construction that will help facilitate a Rental Crash in those Housing Markets.


JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/

DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.

Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Videvo. http://www.videvo.net/

#HousingMarket #eviction

Products You May Like

Articles You May Like

$800k in Profit to be Made on this House Flip?
Do NOT Buy A House
Australia’s house prices fall, interest rates soar but analysts say there’s no crash yet
Google Maps launches ‘vibe check’ and ‘immersive’ features
Damages in Florida from Hurricane Ian could total $47 billion. Here’s how to protect your personal finances from natural disasters

Leave a Reply

Your email address will not be published.