Tuesday, December 18, 2012
INVENTORY SLIDES, GEN X AND Y, WANT TO BUY, AND THE SMALL INVESTOR
Los Angeles inventory is down 37.1% and Orange
County is about there too. The
city taking national honors for the biggest slide is our own San Diego with
40.7% (according to the national KCM Blog.) Generation X and Y, in a recent survey, were asked,
"what is a fundamental indicator of success?" A whopping 75% said it was owning a
nice home and only 12% said an extravagant vacation. Home ownership is in America's DNA. Should the small investor attempt to
buy a single-family property as a rental.
Only a discussion with your financial planner can tell you what's right
for you, but here are some thoughts... 1) Nationally, rental leasing volumes
were up every month for 2 years.
2) Supply of available rentals is down 11% in the same period. 3) Rent growth is expected to increase
at a very strong clip in 2013.
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