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Why apartments are currently favorable overall.

August 25, 2008

Analysis of: An Economy on the Brink | www.usnews.com

Apartment rentals and the complex ownership are currently very favorable. Why? 1. The difficulty in home loans 2. The ego's of a lot of people 3. The favorability of lending instituitions toward apartment purchases As home loans become more difficult to obtain, people still need a place to live. The Rental rate scale from low to high will or is taking the place of affordalbe housing purchases through mid to low high end purchases as well. If you can't qualify for an affordable loan, then you can rent an lesser quality appartment. If you used to be able to buy a mid to low high end house, but can't now, you will settle for a higher end, perhaps gated apt. complex with nicer amenities. Finally, those with investment ideas are entering a favorable loan arena from lending institutions for the purcahse of apt. complexes.

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