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1. The sure thing that's no longer a sure thing.
Home is where the heart is, but it might not be where the returns are anymore.
For the past three years, investing in single-family rentals was the gift that kept on giving. Even as housing prices skyrocketed, companies managing so-called SFRs were happy to outbid everyone else to add to their inventory.
The rationale is simple: There's no shortage of people who want to move to the suburbs but can't afford to outright buy a house.
But the shine is starting to come off what is considered one of the safest, and smartest, bets in real estate.
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The two largest single-family rental REITs — Invitation Homes and American Homes for Rent — have recently seen their ratings downgraded by Wall Street analysts, Insider's Alex Nicoll reports.
For SFRs, it's a bit of a gut punch, as these investments are supposed to still be good bets during times of turmoil, Alex told me.
America has a housing shortage, particularly among millennials with young families looking to move from the city into the suburbs (geez, this one hits particularly close to home). So even when the times get tough, SFRs should still be a bright spot.
The fact there is some cause for concern over SFRs show how seemingly no one is safe in this market, as Alex put it to me.
Rising interest rates are a key factor, but it's not the only issue facing these players. As Alex details in his story, there are a number of elements making SFRs lives difficult, from higher taxes to increased competition.
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