With interest rates rising, it seems that housing mobility will be limited for many people... That is, people who own houses will likely stay in their existing houses, and renters will stay in their existing rental or move to another rental. In this context, what businesses are positioned to do well?
The great @reset ”You will be renters and you will like it“- title of recent Bloomberg article
Architects are working on this and sharing floor plans on Twitter. One conundrum: the existing bays are too shallow or too deep to let light in to all the interior spaces. So, plans sometimes show an interior bedroom with no direct light except thru an adjacent room.
Number of sales are down significantly. Prices are down somewhat. Down payments are lower, but monthly payments remain steady thanks to rising interest rates.
You basically act as the tenant's landlord but instead of paying for the property, you GET PAID a percentage of the monthly rental rate. In my area it's about 6-7%. ($60-$70/month to manage a $1000/mo rental where basically all you have to do is call a plumber occasionally.)
You can also offer to screen and select tenants (if they don't have a tenant already), which earns you a nice bonus commission (about 1-month's rental rate). It also ensures you're working with a tenant you think will be easy to deal with.
What kind of landlord would pay for this? Simple: Out-of-town landlords that don't want to drive to their rental unit every time a tenant can't figure out how to change a light bulb.
These include wall art, lighting fixtures, wall papers etc
with more people moving, there will be a higher demand for moving trucks and related services
I'll go first, since I value eating my own dog food.
Renters with growing families will need to find ways to make their current living situation sustainable. Furniture that allows them to more optimally use space could be a winner
