Globally there’s a trend toward renting. Sure many would still like to own their own place but an ever increasing sector within society don’t see any real need to actually ‘own’ things. I for one am like that. While my wife would still like to build that permanent nest I simply find it cumbersome, restrictive and expensive. One day perhaps when I’m too old to knock about maybe but until then..
Daniel Gross describes what he sees as the future generations approach to assets and other things in
http://globaleconomicanalysis.blogspot.com.au/
If this is the case then someone obviously has to supply the items sought after to rent. Property/shelter I imagine is going to feature highly on ones priority list. Properties need owners that’s for sure so are we to see less owner occupied homes and investors with many properties as par for the course or will we see something akin to today?
Personally I’m not sure I can see a whole lot changing but if renting is preferred over ownership how does that affect property prices. Will prices be driven even more by demand from investors as opposed to OO’s.
Will the investor model/profile change? I don’t know.
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