The Founder of Starwood, Barry Sternlicht talks longing apartments and rentals. While he discusses his stance on deregulation and hypothesizes political reasons for a healthy economy, let's focus on the meat, shall we? What I find most interesting is the social-economic discussion Americans currently face.
Social Economic Factors
The growing number of Millennials who seek to travel unwilling to commit to one place plays a strong factor in why the housing market may not be the best to enter into. Apartments, on the other hand, is where investors should strive to be. In addition, Millennials are not only moving around more but they're also getting married/settling in much later.
Alright, so pretty obvious. However, if Millennials are truly moving around not ready to settle down, condos are thus out of the question, right? While Barry doesn't mention condominiums, it is safe to say long-term housing options don't make the best investments. The condo fees simply don't' allow for a good profit.