How to make your home more appealing to renters
Property managers and property consultants have a long history of creating appealing, high-quality homes for the very affluent.
But the latest wave of luxury properties has made them even more expensive, with the average price for an entire townhouse increasing by as much as 12% over the past decade.
According to data from RealtyTrac, the median house price in the United States rose by $8,000 over the same time period.
In some places, like New York, it’s been higher.
But this is just the beginning of the cost of living crisis.
As prices continue to climb, there’s been a lot of concern that the affordability crisis will become more widespread.
The problem isn’t just that housing is unaffordable for some, it has become unaffordable even for people who work in the business of buying and selling property.
This article originally appeared on TechCrunch.
Read moreTechCrunch: The housing crisis is real, but it’s only getting worse.
The housing problem isn-t just about affordability, but also about affordability and access to capital.
It’s a real problem that will have a serious impact on how the country manages the cost and growth of housing over the coming decades.
This post was updated on October 19, 2018.
Originally published October 21, 2018 10:07:38.