Single-family RENTALS are a modern version of a starter home, which have gone nearly extinct in the United States.
But their existence challenges the American ideal that suburban single-family houses are meant for homeowners.
And their growth is now in jeopardy.
Congress’ largest housing package in nearly 40 years includes a section restricting single-family rental communities backed by large investors.
Large investors finance an estimated 62% of new single-family RENTAL homes. (CNN)
Of course, the demand for single family RENTAL homes is extremely strong!
This is because young people can’t afford to BUY a home at today’s prices.
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