Landlords Will Win in the Sub Prime Implosion

The recent events in the sub-prime market have raised the bar on obtaining financing. Buyers are most likely going to have to cough up a few bucks to buy anything, unless they have great credit scores and history. This is great news for Long Beach landlords. You are not going to have any problems filling up those vacant Long Beach units. We may actually have housing shortages in some areas.


It is natural that tenants become first time home-buyers. Not right now folks! Unless they have a decent down payment, it's just not going to happen, equating to long term tenants. With so many foreclosures on the horizon, the displaced owners will require housing, increasing rental housing demands.


Supply and Demand


When supply is down, demand is up. Rents are going to begin to increase with the demand for available housing. Who knows, maybe the rents will actually begin to justify the absurd recent prices on some of the investment properties recently and currently on the market. It may not be a bad time to look into purchasing a reasonably priced Long Beach Investment Property, if you can find one.

The recent re-development in Downtown Long Beach has created a lot of available but not so affordable housing. Lets face it folks, if these people can't afford to buy, or are coming out of a foreclosure, they are looking for rentals they can afford. With more high rise development on the way it raises the question, where is the affordable housing?


In Downtown Long Beach, affordable rental housing can be found in the Willmore City Historic District and in the East Village Arts District. Alamitos Beach is still affordable but gets a little pricier, rentals in Belmont Heights and other Long Beach CA Beach Communities have stayed surprisingly reasonable. The Circle area, Bixby Knolls, California Heights, Wrigley Heights, North Long Beach, Lakewood, Signal Hill and Signal Hill neighborhoods are likely contenders for housing the coming demand. If you have been contemplating the purchase of Long Beach Income Property, now might be a good time to think about putting that plan into action. Read more »