Rent nailed it on the head. Rent and Mike I would consider are very knowledgeable in this area.
Mike if I remember is a flipper also. Which is what I like. But rent is right. Perfect example there's a duplex next to me. These idiots let their trash can fill up till it was running over. They only had pull it 15 ft to the curb.
But noooo my wife actually pulled it out to the curb. Because we own the properties on both sides of this duplex and we just put the property next to them for sale by owner right now before listing it on the mls (my wife's a broker) for 435k and we did not need F'ing garbage laying in the driveway of the renters next to it.
But we will sell it. Because water front property and basically a new stilt home with a hugh dock setup for a lift. That goes right out into the bay. At the mouth of the Little Manatee River. I built this house myself. I'll never build another stilt house either. Working 3 stories up sucks
Fortunately they are moving from what I've heard. When the girl lived there by herself she was great. But she got married to a pos junker. That has a F everyone attitude.
But as rent stated home ownership is about personal pride and responsibility. Most people do not have this quality. They either as in the vast majority of cases as stated 1. live check to check. 2. Don't want the responsibility as in mowing grass or maintenance. They'd rather pickup the phone and call someone to fix it.
Now there is a third. Exclusive rental properties. That are very hard to get into and have waiting lists. These are very expensive to live at but they can have every amenity there is. Plus location, location and who's, who living here.
My last year living in Nashville years ago. I got into one of these communities. I was single 26 years old making a ton of money and single women were so easy to pickup because you lived here it was not funny.
These types of people are mobile people that want amenities in a great area. They can't buy and be tied down to a specific area because of their work. Being transferred acrossed the country from one year the the next or every few years
That's a tough life to live. I did it early in my life. Moving every year or two is a pita plus your never in any place long enough to make good friends or have relationships.