Built-to-Rent Homes: Affordable Housing or Investor Goldmine?
Irvine News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Tricon Residential is revolutionizing family living in Riverside County with their built-to-rent single-family homes in Winchester. Families like the Dijonet Martins and Thomas McNeils are trading Orange Countys high rents for these new homes, which offer affordability, space, and modern amenities. Tricons rents, ranging from $3,200 to $3,700 per month, are more accessible than homeownership in the current market. However, housing advocates and lawmakers are pushing back against big corporate owners, with bills like the Senate-passed 21st Century ROAD to Housing Act aiming to limit their influence. Tricon, backed by Blackstone, argues that their built-to-rent model addresses a four to five million unit shortage and offers diverse housing options. The built-to-rent wave could reshape family living, but policy fights may slow its progress as more communities emerge nationwide.
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