Exceptionally hot real estate markets, such as some parts of Houston, have increased in price by as much as 30%+ YoY. Pockets like these exist everywhere in the country. But perhaps the most interesting part about all this is that rents have actually decreased in (many of) these same areas.
There are reasonable theories floating around as to why this discrepancy exists. My question is which dam breaks first? Do real estate prices drop to match local historic capitalization rates, or do rents simply go up?
Or is this the new normal, and does renting become more lucrative -- slash / does owning become less of an automatic 'win'?
Submitted June 23, 2021 at 11:16PM by lulzcakes https://ift.tt/3j54eGQ
