PSA - Here's Why a Housing Market Crash Could Help This Dividend Stock
Anyone who lived through the Great Recession, the worst housing market crash in nearly 100 years, can tell you that these meltdowns aren't fun. Depressed property values, higher vacancies, increased mortgage delinquencies, and lower demand hurts nearly every sector within the real estate market.
But not all industries are affected the same way. Some companies like Public Storage (NYSE: PSA) could actually benefit if there is a housing market blowup. As concern grows over the risks of a housing crash , here's a deeper dive into why Public Storage could come out ahead.
Challenging economic times like recessions and housing market busts can drive business for the storage industry. True a big market setback isn't the only reason customers look to store their things, and events like moving, downsizing, divorce, or death are some of the common drivers for customers to rent storage units.
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Here's Why a Housing Market Crash Could Help This Dividend Stock