When The News Hits the Sacramento Bee – You Know it’s “Old News” When It Comes to Real Estate..!
If you’ve followed my blog site for any length of time I’ve pointed this out several times. The reason you ask…? They stopped building Apartments and just about anything else here because of the recession. They are only now beginning to ramp up, but mostly single family homes.
And since they are not building more apartments for middle class folks just starting out, rents have gone up. What apartments they are building or planning on building are “subsidized” housing or the more “high end” apartment complexes with lots of amenities according to a recent article in the Sacramento Business Journal.
I’ve said to many people seeking to find a home or an apartment to rent in Folsom, Orangevale, Roseville or any other area in the Sacramento Region that, “you probably need to know somebody inside to get a decent rental anymore”. I wrote about it here.
Many of the investors I have placed into Duplexes, Four-plexes and Small Apartment complexes know they can get “higher rents”, so most of them have improved their properties to take advantage of the upswing in rents that can be derived. That also was written about in today’s Sacramento Bee article.
So CLICK HERE for that latest story from The Bee. Let me know what you think.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR, CDPE firstname.lastname@example.org 916-203-1260
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