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Feb 12
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LONG
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Ryan Serhant
Founder and CEO of Serhant Real Estate
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"First time buyers are are being squeezed... The American Dream is economic prosperity... having that directly attached to homeownership... I don't want to sit here and say the American Dream is broken." If the "squeeze" prevents ownership, the demographic demand for housing does not disappear; it shifts to rentals. As ownership becomes mathematically impossible for first-time buyers, demand for high-quality rentals (specifically single-family structures) increases. LONG. "Squeezed" buyers become long-term renters. Legislative caps on rent increases or government intervention in the rental market. |
CNBC
Housing not in crisis but first-time buyers a...
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