GHI - Housing Crisis? Income Opportunities!
2024-03-17 10:30:00 ET
Summary
- The housing supply is low due to homeowners not wanting to move.
- High interest rates are making moving less affordable.
- There are two excellent high-yield opportunities to provide you with outstanding income.
Co-authored by Treading Softly.
Finding a home is an important step for every person. The ability to find a place to live is essential to be able to establish a home base that you then operate from, whether you're going to work, whether it's a place to simply cook a meal or to lay your head at night in sleep. The issue that so much of the housing market is seeing right now is that there's a massive majority of homeowners who are locked in at extremely low interest rates that occurred during the COVID crisis. Now interest rates are significantly higher and homeowners are disinclined to sell because they're not interested in paying the currently higher interest rates. This creates an affordability issue where the homes that are coming to market are largely unable to be afforded by the average person because they're priced too high or interest rates are making the mortgage too expensive.
Because of this, it is creating an environment where people want homes, but there aren't homes available. And the people who want homes aren't always able to afford what is available because of the interest rates that are pressing down on them and the inflation-rising costs of everything in their lives. When it comes to the market, housing affordability isn't as big of an issue for the average investor as it is for the average person. However, some companies allow you to benefit from this tension that exists currently....
Housing Crisis? Income Opportunities!