Mon, 18 June 2018
CW 1015 - Suburb Revival, Lack of Home Inventory, Triggers for the Next Business Cycle Recession & Boomerang Buyers with Matthew Gardner, Part 2
Jason Hartman begins today talking about a recent article on Globe St that discussed the 7 ways Generation Z will impact the commercial real estate world. Jason also discusses how it also impacts residential real estate.
Then Jason finishes his interview with Matthew Gardner, Chief Economist at Windermere Real Estate. The two discuss the lack of home inventory and why the loosening of credit regulations isn't going to impact home sales as much as some are hoping. Then they also delve into millennials trying to afford homes and WHERE they can actually afford to live.
[3:58] Education is the shortest distance between poverty and wealth
[6:56] Generation Z is going to bring the suburbs back
[12:27] What the shift back to suburbs will do to companies
Matthew Gardner Interview:
[16:58] It's taking a credit score of 740 to get a mortgage loan these days, but even if more people become eligible there's no inventory
[20:09] Factors that could trigger the next business cycle recession and what the next recession might look like
[24:27] Who are the "Boomerang Buyers" and how might they impact the single family rental rate growth?
[24:18] Millennials are having a hard time saving up for a down payment and are asking for a loan from the bank of Mom & Dad
[27:04] Milennials want to live in the "exurbs" in townhomes, but home prices are pushing them out further