Ryan Dezember
speaker
644 appearances
11 recordings
1 series
first heard May 2018
last heard Jun 2024
Ryan Dezember’s voice in public audio — every appearance, attributed to the second.
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Appearances
Again, that's more than they ever have since analysts have been tracking what these companies do.
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And it's much higher than a typical mom-and-pop landlord is raising rents right now.
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Yeah, we're talking single family homes in the suburbs, pretty big houses.
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What you would normally think of is an owned home.
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These are houses that rent from anywhere from, say, $1,400 a month up to, you know, $2,500 a month.
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And there are some situations where rent increases on new leases are going to be double digit percentages more than they were a year ago.
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If you're living in a house, you're not going to see that same rate of increase.
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But those companies are asking their tenants to pay more to stay in their homes.
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Yeah, absolutely.
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These companies, when they went out to buy houses after the foreclosure crisis, they really had a certain tenant in mind.
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And they went out looking for houses that would suit that tenant.
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And what they really wanted was parents with children, maybe people who didn't have the means for down payment to buy a house or weren't planning to stay somewhere long enough to justify buying a house.
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They wanted these sort of young professionals as a customer.
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And as the pandemic came out, you know, those were the people that still were earning, you know, the work from home professionals.
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Those folks have been able to keep earning.
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There's a lot of signs that they're spending more on sort of consumer goods and things like that.
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Meanwhile, people who don't make as much, a lot of people tied to the stalled service economy are, like you said, you know, really struggling to to pay rent or in some cases months in arrears with no real prospect of making up that income.
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So these companies really were fortunate the way they positioned themselves to to capture the sort of the the high earning but cash rich, cash poor millennial generation and
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And they were sort of available and ready when the pandemic hit and sent those people coming to them a lot sooner than they expected.
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not really because they make so much money, right?
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Showing 321–340 of 644 · page 17 of 33
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