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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So that's when you get people moving out of the city into the suburbs. matched
They get their nice little suburban home in the subdivision with the nice school near a park or whatever. matched
Yes, exactly. matched
So the big rental home companies, Invitation Homes and American Homes for Rent, which own about more than 130,000 homes between them, they target that demographic. matched
And their typical tenant earns $100,000 a year household income. matched
It's usually someone in their late 30s. matched
They usually have a child or two or three, a dog, sort of these things that would otherwise compel someone to homeownership and to live that suburban lifestyle. matched
And now they're renting it instead of buying it. matched
Well, I think when we talk to a lot of people, particularly in Denver, one of the things that people told us is they're just waiting for prices to come down. matched
Home prices have surged there. matched
They've doubled in the last, call it five years or so. matched
Really astounding home price appreciation. matched
And, you know, I think people that are of that age and of that income, they're sort of at a point in their career and they're old enough. matched
They have the money, but they're just old enough to remember the housing crash and to know sort of the first generation and many to have at the front of their mind that, you know, these things do go down in value. matched
It's not a straight shot up. matched
And so I think some people are apprehensive about paying top dollar and matched
And, you know, realizing, OK, if we pay four or five hundred thousand dollars for a small house, what if we have children? matched
We have to sell this. matched
What if my job moves me? matched
What if I have to find a new job? matched
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