Did you know that New Haven has one of the best rental markets, and lowest vacancy rates, in the country? It's not terribly surprising, given all the students in the region, but it is good news for people who have property to rent. Every year a steady stream of students and faculty comes in, often from places very far from New Haven, and they won't sometimes be here long enough to buy, and of course many students can't afford to buy. We do sell some real estate, however, particularly downtown condo units, to students (or really their parents, in most cases). Grad students these days come in all ages and phases, and some are studying after they retire. In addition, every once in a while, parents follow their children. I once met a woman on a tour of a boarding school with our children and asked where she was from. She said that she didn't know yet, because she and her husband were planning to move to wherever their child decided to attend school! While that is taking helicopter parenting to a new level, it does increase real estate transactions.
This all just goes to show that we cannot make too many assumptions about rentals and students/families, because the demographic group is diverse enough to fall outside the normal parameters we might place on the category. So, if you own property, or are looking to buy investment property to rent, you should certainly consider the educational market. It's real, and it's big.
Blog Archive
Popular Posts
-
You enjoy the weekend, have a great trip, and then you may be home Sunday morning, getting ready for school on schedule on Monday. If...
-
Another sign the real estate market is coming back, not least the economy, is new hotel development, this time in downtown Cincinnati. The B...
-
Students often have great difficulty in writing your own essay , especially if you don't have the time or very less time to do a lot ...
-
Each transaction has its own housing property real estate and personal Property in the South of France . It is also possible for the prope...
-
As a further downturn in senior mortgage Search recession is becoming increasingly popular. There is also some confusion, because the natu...
-
MY LIFE IN A BAG
-
Most of the people in this world dream that they have a big nice house with huge backyard so that their children can play over...