Maxwell Drever Talks About the Challenges in Affordable Workforce Housing Investments
The low-cost workforce industry is a challenging segment in real estate, says Maxwell Drever. One crucial factor that adds to the trouble is the housing market. Even though the conventional renters usually focus on the credit score, financial situations, and other critical factors, most of the low-cost housing renters can maintain a similar standard. Several tenants come with poor credit and earlier evictions on the record when it comes to the low-earning community. Maxwell Drever says that close to 28% of households aren’t current on the mortgage or rent and foreclosure and eviction in the past two months. Also, when it comes to public housing, a minimal debt can evict the poor tenants. Usually, a small unwarranted debt can result in a snowball impact for the low-earning tenants that already have the challenges in staying current with the bills. The changes in the current price versus the cap rate Each market comes with cycles. And this also applies to the real estate market. Also, the Class C and the D properties are getting sold at a 5 to 6 cap rate. A study in May 2021 made many people think about whether the United States was heading to an entirely new housing bubble. This article highlighted that the median home costs have increased from one year to the other, which insinuated the bubble base. The… Read More »Maxwell Drever Talks About the Challenges in Affordable Workforce Housing Investments