Steve Schaefer of Forbes, seems to think so. He explains that most people see real estate and homes as the same thing. The reality is, that the commercial market is huge, and tends to lag the rest of the economy.
During the housing bubble, the focus was on building new homes, and not enough attention was paid to rental or commercial property.
To Raymond James’ Buck Horne, it comes back to the overbuilding of single-family homes during the housing bubble, which in turn led to underbuilding in multi-family.
It’s interesting to see the rental market of today. Due to tight lending restrictions, many would-be homeowners are now renting, thus increasing the stock of quality renters, and giving landlords more options, opportunities, and profits to be made in the near future.
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