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Marchiol: Time to Be a Landlord

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  • Description

    Tanya Marchiol of Team Investments breaks down the current trends in the housing market.

  • Duration 3:30
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Talk to -- mr.

We'll -- living in apartments costing more and more -- back more than ever but.

-- rising rents finally get people back into buying houses -- mark fields with team investments and she joins us live from Phoenix.

-- in every time I look around that could it cost people more more to rent yet.

People I talk to people -- -- anecdotal but they -- -- that it's still more comfortable with renting rather than owning is that gonna change soon.

It -- it is cheaper to buy a house than to rent.

Vacancy rates rates are five per cent in all US apartments right now that is the lowest it's been since 2001.

So that a home that dream of homeownership is absolutely going to come back.

But after really remember Charles there's always -- time to make money in real estate and right now it's being a landlord because rents are rising.

-- -- landlords a great double what about the American dream what.

I -- some people actually said they think that this is gonna be generational that the idea of owning a house at the white -- that's in the backyard with the kids and that's gone that.

You know this could actually be the new norm for the next ten years I think this is great for your business but.

It's not so great -- home -- or you know for the idea that that we need a strong housing market for the rest of the parts of the economy to do well.

I disagree with that I think people are always going to want to own a home I think the problem is right now people don't think they can't.

Lending is really still very strict.

But there's a lot of things going on in the private sector in free enterprise that's making homeownership possible again and people are taking advantage of that.

Lease option programs are coming back where the private investor is actually lending to someone who wants that -- I think people want to own a home it is still a goal in the United States.

I think people are just afraid because of what we went through.

It is not a time to be afraid it is the time to definitely dive in prices are low.

Interest rates are low you can buy a home two years after you short -- -- with a good professional but I this little are starting to realize that it's also possible to written.

The American -- that as you said they're all these houses on the market -- you know an investor buys that you rents it from them.

You don't necessarily need to own -- the only way makes more sense to -- you say it's cheaper is that there.

Value of the home goes up or at least doesn't go down and that's not a guarantee any longer.

Well except -- that we need to start telling people the truth.

In Arizona alone since November we've gone up 32%.

So those 60000 dollar homes that we were showing people are now 90000 dollars.

And people are renting -- I -- -- alone has gone up 32% what does that mean.

They've appreciated 32%.

So we need kids hello our public really went at the time to buy when is the time to sell one is the time to be apparent when -- -- time to be a lender.

We need to teach them that right now is the time to go and getting into homeownership.

People need to be buying now while rates are low.

Prices are low this is really the time to get in housing and to your point people do feel comfortable in a home that -- renting.

But that unfortunate problem right now it.

Yes -- is making all the money the people that are diving into the housing market right now so instead of being afraid see if you can buy talked your market -- -- Well you know -- -- are saying because -- you've laid it all out there and that's the whole irony of it all is you know people are getting that word out still.

There's a lot of resistance but you're Winston Churchill -- -- charts might help out a lot thanks while we appreciate -- this morning thanks Carol -- well.

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