Shownotes Transcript
The housing market), for most people, seems like an **unaffordable **investment. For years, housing unaffordability was climbing, but not fast enough to keep average Americans from buying primary residences. Now, combine rising interest rates) with all-time high appreciation, and **the average renter can’t afford a home **in most American metros. But how did this all come to be, and is there a chance that home affordability could get even lower than it stands today?
We wanted to know** how affordability in the United States compared to other similar countries** around the world. Although most Americans would call today’s real estate market completely unaffordable, the data seems to point to something different. There are **numerous **real estate markets) around the country boasting low home prices, high rents, and population growth to support any investment decision. But where are these markets?
Dave does his best in this episode to give you a quick overview of** how affordability) works**. We also talk about what causes housing markets to become unaffordable, which** metro areas are the most and least unaffordable**, and how the United States ranks when put head-to-head against other economies. Thankfully, there is some **good news for landlords **throughout this episode, so be sure to stick to the end!
In This Episode We Cover
The three factors of an affordable/**unaffordable housing market **
What caused the United States housing market to become so unaffordable
Will unaffordability problems lead to a real estate bubble) in the future?
The most (and least) affordable countries around the world
Whether or not affordability could get even lower as **wages stagnate and interest rates **rise
What investors can do to **capitalize on affordable markets **with growing populations
And So Much More!
Links from the Show
Join the Future of Real Estate Investing with Fundrise)
Connect with Other Investors in the “On The Market” Forums)
Subscribe to The “On The Market” YouTube Channel)
Find an Investor Friendly Agent in Your Area)
Henry's BiggerPockets Profile)
Jamil's BiggerPockets Profile)
Kathy's BiggerPockets Profile)
NAR Housing Affordability Index)
OECD)
Demographia International Housing Affordability)
How Work-From-Home “Hotspots” Drove the Housing Market Even Higher)
Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-32
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