建造租赁住宅的兴起
本文探讨了建造租赁（Build-to-Rent）住宅模式的崛起，这种模式由专业开发商统一建造并持有出租，而非分散出售给个人业主。文章分析了该模式如何应对住房短缺问题，以及其在租赁市场中的优势和挑战。
相关报道
Build-to-rent housing—single-family homes constructed specifically for rental purposes—has seen a rapid increase in popularity, marking a major shift in the housing market in recent years.
The article argues that commonly cited stock market return figures (6–16%) are misleading, recommending 4% as a more realistic assumption. This accounts for compounding (CAGR of 8–11%), inflation of 3–4%, and 1–3% in costs/taxes, resulting in a net real return of 2–6%.
Moses Kagan argues that lower rents require increasing housing supply, not government subsidies, and that private investors can fund development if regulations on permitting, tenant screening, evictions, and rent control are reduced to allow reasonable profits.