Want more workforce housing? These industry pros say Metro has to come to the table
December 19, 2018
Original story: https://www.bizjournals.com/nashville/news/2018/10/31/want-more-workforce-housing-these-industry-pros.html
Affordability remains a primary issue for business leaders and city officials as the city’s boom continues to fuel spikes in Nashville’s housing costs.
If your analysis still prizes these three metrics above all else, prepare to be outmaneuvered.
Renting a brand new house offers several advantages, including minimal maintenance, modern amenities, and the potential for higher rental rates, while also avoiding the upfront costs and responsibilities of homeownership.
Build-to-rent (BTR) communities, offering single-family homes specifically designed for renters, are a growing trend in the United States, providing an alternative to traditional homeownership, especially for those struggling with affordability or seeking a more convenient rental experience.
A societal shift towards renting houses, driven by factors like rising home prices, economic uncertainty, and changing lifestyle preferences, is impacting the housing market, with more people, particularly younger generations, choosing to rent over buy. Here's a more detailed breakdown of the reasons behind this trend:
Particularly for those who cannot afford or prefer not to own, and by offering flexibility and affordability . They also contribute to economic stability and community development. Here's a more detailed look at the importance of rental houses:
