In the short term rental riches will discuss investing in real estate with a specific focus on short term rentals quick action items to wire. Scale your portfolio I’m your host Tim Hubbard.

Welcome back to short-term rental riches podcast happier here again as always today we’re talking about a big force in the real estate market basically shapes Avary market and why those markets go up and down and that’s supplying demand we’ve talked about it in prior episodes in one shape way form or another and today there’s an interesting one I want to talk about some of the potential supply affects our demands for housing that have come from coal bit so we talked a little bit about the trends before you know people are are leaving in bigger cities that started before cove in actually and dense high cost of living areas but there’s some really interesting things that have happened with Tobin specifically and I know we’re still kind of going through this if you listen to this in real time things are good on the short term rental front here and a lot of the U. S. I know outside of the U. S. things are tight still Columbia or been living short terminals there regulations that’s not a good good combo it wasn’t a good place for the regulations to begin with but that city is locked things down so if you were running short terminal business there my heart goes out to yeah he got crashed and still feeling those effects but here in the U. S. you know we had about 6 weeks have a downturn and things are are Bowman will have international gas of course but we’re still doing well and all of that is based off of supply and demand so not every city’s doing well obviously and I want to talk about just a few little things that you maybe haven’t considered they could come from covert from the quarantine that we’ve X.. It’s from being locked in maybe a small apartment in a small space and one of them is that people are working from home right and now if you are with your family you’re used to working in an office and you had your space and you’ve been working from home this whole time will now you’re probably thinking that it would be nice to have more space so working from homes are gonna go away that’s I mean more people are gonna be working from home after Kobe than they were before so people are gonna be looking for a little more space if they’re buying a personal residence maybe they’re gonna look for a place that has a separate office space now in their home whereas before they didn’t so so that’s one thing that’s going to make a little bit of an impact but one that’s probably make a bigger impact is that. People are living in a small spaces let’s say one that might make a bigger impact is that there’s actually a lot of people in non romantic relationships living together roommates this is much more common in the high density higher cost of living places Los Angeles for example New York Seattle it’s common to have a roommate that you’re not romantically involved with now if you’ve been quarantined for several months. You might be reconsidering having a roommate hit 10 you might want some more space and so. Let’s just imagine that these roommates break up you know they they both go their own ways and that happens for you know thousands of people. Thousands of households at all of roommates will fail split that just doubled the demand. That these people need words to people or in one house now they’re gonna be looking for individual houses so. That’s a lot of extra demand that maybe we haven’t considered and the same thing can happen if people get divorced. Band tied up with someone you know when you don’t have any space and I think we’ve seen a spike in divorces but we might also see a spike in you know baby boom too who knows all of these things are creating situations where we’re going to have different supply and demand so I just thought it was really interesting and something that’s not as talked about so it’s it’s actually most the places where people have roommates are in these higher costs of living places I read that in Los Angeles for example if 30 percent or more of the households have roommates that are non romantic and solve all of those people are looking for their own space has a ton of extra demand on the market just consider that you know this extra demand coming from you know the splits in households and looking for more space can continue to change the values of certain areas as people leave. I want to commend that changes the values of a mark and that’s why we have like over 400 markets in the U. S. so just consider that I will do in a in a in a future episode here soon just exactly where everyone is going and where they are leaving from so hopefully you’re doing okay in the quarantine if you listen in this real time you’ve got a little bit of space and you’re not thinking about you know ditching your roommate or getting divorced or anything like that hopefully that’s not the case but for thousands and thousands of people that is the case just part of life until next time hopefully that gives you something to ponder and how wonderful they want to get on the fast track to financial freedom through short term rentals what all searching the properties you. You want to make sure that you acquired the right to give you my. Yes there is no charge to you for being one of our subscribers just the rest methods. R. E. S. T. methods.com

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