I was at the INREV Investor Intentions event a few weeks ago, and I was not surprised to hear that for yet another year, residential is sitting at the top of everyone’s wish list. INREV’s latest survey on where global allocators want to put their capital found 86 percent of respondents see residential as their preferred sector.
That made me think about a few things I have been listening to over the past few days. The United States seems to want to push institutional investors out of single-family housing. The thinking is that single-family housing is for the middle class. They need to be able to afford a house, and we don’t want institutional investors meddling in this market.
The mayor of New York City recently got elected on a programme that included “rent freezes”. His biggest majority was amongst voters between 18 and 39 earning between $50,000 and $200,000. These are educated middle earners (by New York standards) who are broadly renters.
Closer t
