Want to create an interactive transcript for this episode?
Podcast: Get Rich Education
Episode: War Against STRs, Tenant Retention, Mortgage Lessons
Description: Residential real estate has greater usefulness and is easier to understand than: agricultural, office, retail, industrial, and warehouse real estate sectors. Tenants are staying in both SFRs and apartments longer than before. I discuss three reasons for today's longer tenant retention trend. Higher mortgage rates correlate with higher home prices. In fact, in the nine times mortgage rates increased 1%+ since 1994, home prices rose seven of those nine. During recessions, mortgage rates typically fall. Both are opposite of what most people think.  Resort communities are almost declaring war against short-term rentals. I ex...