We’re also seeing a rapid increase in commercial vacancies with WFH. But there are big challenges and costs to turning commercial properties into residential.
I’ve heard a lot about the problems. Surely there’s some good ideas for a solution out there?
Historically, I think, housing is less volatile than the stock market. So there’s a risk mitigation strategy there that may partly be in play with companies that are purchasing single-family homes and just squatting on them.
This may also be exacerbated by rising interest rates. So companies/individuals that purchased a historically low rates are/may be reticent to sell because they can’t secure a loan with the same rates they currently have. Even IF the housing isn’t actively generating income, it could be losing LESS just due to the rates.
This is all entirely speculation on my part. I’ll freely admit I don’t know.