Era of Rentership?
Are we systemically forming an Era of Rentership?
Will there be or is there developing, an eclipse of the heart in young Americans regarding Home Ownership?
For those young people who have suffered the loss of a family home to foreclosure, what will happen to the dream of homeownership?
Listen to Aaron and Catie “Speak-Up” on Why Ownership Matters to them:
Quick Link to interview: http://www.shop-or-sell.com/aaron--catie-video.asp
A loss as deep as a family home ~that has been or is currently being foreclosed on~
is difficult to imagine. Fear, uncertainty and stress are not the foundations for a happy home.
The young children of many of our Spokane Families who have lost a home either to a shortsale or foreclosure are the impressionable victims. The emotional injury will leave lasting scars.
What do you think the lasting impressions will be for these children?
Do you think they will be more likely to rent or buy as they enter adulthood?
Currently in Spokane, We are seeing an up-tick of activity producing area sales:
· 1/3rd of the sales are from First-Time Home Buyers (23-35 year olds.) Their motivation is the higher rental rates combined with lower housing prices and amazingly low interest rates actually make it more affordable for them monthly to own a home instead of rent.
· We also have some Move-up Buyers who see their dollar can buy them more space “more than what they currently own.”
· We have the Maturing population leaving their longtime homes for a lifestyle alternative that better suits them.
· & Investors. This Buying sector is growing and getting very active right now ~ Gobbling up inventory for rentals and/or quick flips.
Important Question(s) to consider: Do you think, we have systemically formed an Era of Rentership?
Will this growing development degrade the % of Americans that own homes?
What impact will increased rentals have on sustainable neighborhood values?
Security is ultimately what our growing population of young foreclosure victims will be seeking as they enter adulthood. We can certainly count on them utilizing the most familiar tools (hand-held mobile devices and familiar social gathering spots) as they seek out trusted advisors to help them find the financial security they didn’t experience as Children.
Do you think there is security is Renting?
“Speak-UP” let’s get your local thoughts ~ go to our facebook page Now:
Voice at The Spokesman Review/Downtoearthnw.com
