Subdivisions in states across the country are catering to people who want the benefits of living in homes without the burdens of home ownership.
Chris Arnold reports on new subdivisons that are made up of homes that are not for sale, just for rent. "[Developer Josh Hartmann] says there are basically three types of renters of these houses: recent divorcees like [Lou Ann] Erwin, aging baby boomers who don't want the headaches of owning a house anymore and millennials."
Hartmann says he started building homes after the housing crash as an alternative for people who lost homes to foreclosure and wanted time to recover financially before looking at home ownership again. Instead, he found that more people with the resources to purchase homes were choosing to rent instead.
The renters say they prefer the home and neighborhood amenities these rentals offer, including yards, patios, and community pools. In areas with rising housing prices, such as Denver, the rentals also offer an option for people reluctant to commit to long-term mortgages, notes Arnold. "In the past year, developers around the country built more than 40,000 homes as single-family rentals, the National Association of Home Builders says."
FULL STORY: Renters Only: These New Homes Aren't For Sale
When Large Corporations Buy Homes and Become Landlords
Since the Great Recession, homeownership is down and corporations are taking advantage of the profit opportunities.
Houston Becoming a Region of Renters
The area has seen a sharp increase in renters as rising housing costs put homeownership out of reach for more households and investors convert single-family homes to multifamily rentals.
‘Mega-Landlords’ Threaten Housing Stability for Renters
As institutional investors buy up a larger share of single-family homes, the families renting them are increasingly vulnerable to rent increases and eviction.
Red Cities, Blue Cities, and Crime
Homicides rose across the nation in 2020 and 2021. But did they rise equally in all cities, or was the situation worse in some than in others?
The Shifting Boomer Bulge: More Bad News for America’s Housing Crisis?
In the first of a two-part series, PlaceMakers’ Ben Brown interviews housing guru Arthur C. Nelson on the sweeping demographic changes complicating the housing market.
A Serious Critique of Congestion Costs and Induced Vehicle Travel Impacts
Some highway advocates continue to claim that roadway expansions are justified to reduce traffic congestion. That's not what the research shows. It's time to stop obsessing over congestion and instead strive for efficient accessibility.
Tolling All Lanes
Bay Area transportation planners are studying a radical idea to reduce traffic congestion and fund driving alternatives: tolling all lanes on a freeway. Even more radical, the plan considers tolling parallel roads.
Federal SMART Grants Awarded for Transportation Safety, Equity Projects
The grant program focuses on the use of technology to improve safety, accessibility, and efficiency in transportation.
Fare Enforcement Upheld by Washington Supreme Court
But using armed police to enforce fare payment is less than ideal in the eyes of the top court in the state of Washington.
City of Greenville
City of Greenville
Resource Assistance for Rural Environments (RARE) AmeriCorps Program
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
Mpact: Mobility, Community, Possibility
City of Spearfish
City of Lomita
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
