Development| Published on January 7, 2009 4:38 pm

Developers Turning to Rental Construction?

By: Walker


The following discussion is about the tanking housing industry and what developers may do to make money. Should they build more rental properties instead?

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Author: Walker Walker is the founder of ColumbusUnderground.com and co-founder of TheMetropreneur.com along with his wife and business partner Anne Evans. Walker has turned local media from a hobby into a full time career over the past decade and serves on multiple boards and committees throughout the community.

2 Comments

  • ZHC January 7, 2009 8:31 pm

    I would think it would be, it’s astronomically more difficult to get mortgage loans now (although skilled realtors and bankers can usually hook you up).

    I wouldn’t be surprised to see a long term move back towards renting. Although since Columbus has such affordable rental rates compared to most places the sift may be less noticeable here.

  • surber17 January 8, 2009 10:50 am

    Maybe its just me, but if I were a builder, I would build condo quality apartments downtown now …. rent them out (which would pay the bills) then sell them as condos in 5 years. If they built a North Bank Tower 2 with smaller units … people would rent them in a heartbeat. Now I understand why they arent’ doing that in NB now, nor do I think they should, but I know if there was a rental tower being built I’d put my name on the waiting list.

    side note …. i like rent-2-buy offers …. could be an option too

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