I will give credit to a fellow Broker, Mike Attayek with City Gate Real Estate Services, for sharing this article with me. It's a bit academic, but very thought provoking and even builds upon my post earlier this month on Oil Prices and Real Estate suggesting urban rental markets are due for big rent growth.
The article, The Coming Housing Calamity, is written by Robert Steuteville off New Urban Network. He addresses issues like the coming great senior sell-off, rising household sizes, dropping home ownership, and tighter lending standards (accompanied by good graphs). He makes the point that the coming years will be a disaster for homebuilders and home ownership rates will decline, despite an increasing population. For some this is bad news. For apartment owners, landlords and managers that should mean higher rents and lower vacancies.
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