00:00:00
as we look at the buy versus rent
00:00:02
landscape the pendulum has swung very
00:00:04
strongly in favor of renting there are a
00:00:06
few factors that are driving the
00:00:08
decision for most households to choose
00:00:10
to rent over buy it comes down to very
00:00:13
high interest rates and very high prices
00:00:15
it's been a difficult time to buy
00:00:16
housing difficult time to get mortgage
00:00:18
credit and we're seeing a lot of that
00:00:20
leading to Upward pressure on rents so
00:00:23
Builders have recognize this increased
00:00:25
demand we're seeing more multif family
00:00:27
housing coming through the pipeline I
00:00:29
think that's going to moderate pressures
00:00:31
on rents in many of the markets where
00:00:33
rents have gone up the most but it's
00:00:35
going to continue to reinforce the
00:00:37
benefits of renting over home ownership
00:00:39
in the short run and as we expect
00:00:41
interest rates to stay relatively High
00:00:43
throughout this year and into next year
00:00:45
depending on the fed's decisions that's
00:00:47
going to continue to keep people off the
00:00:49
home ownership Sidelines and moving into
00:00:52
rental spaces
