Summit Sessions: Forecasting the Future of Renting with Jason Schenker

May 21, 2024
Jason Schenker’s specialty is forecasting financial futures. He chats with Mindy about current supply chain issues, high housing prices, and inflation and how these factors impact the housing market. Listen in to hear how the current trends and challenges may impact rents in your community in the years to come.
 Summit Sessions: Forecasting the Future of Renting with Jason Schenker
New call-to-action
New call-to-action
listen on spotify podcasts

"If you’re able to maintain the same profit margin you have historically, then your earnings should go up.”

Jason Schenker has been named one of the most accurate financial forecasters. He and Mindy Price specifically discuss future implications for the rental and housing market, starting with shortages. Jason notes how low-interest rates have incentivized construction demand, and how that combined with covid shutdowns has led to a Scavenger Hunt Economy. Suppliers are having to hunt to find the materials they need, and supply chain problems have made home repair and construction costs very expensive. He sees prices continuing to go up in the short term.

Next, Mindy and Jason discuss inflation. Jason shares that year-round inflation is at its highest since 1982 and is a result of strong demand, low-interest rates, and recent stimulus checks. He forecasts that labor will continue to be a challenge which will increase prices, so inflation may increase a bit, as well. The implication on the real estate side is that since home prices have gone up so much, rents should follow that same trend.

Finally, Mindy asks Jason to imagine what will have changed in the apartment industry 50 years from now. Jason believes there will be more 3D construction, which requires less labor, time, concrete, and waste and is, therefore, more cost-effective. He also envisions increased use of smart technology, robots, and virtual reality offices. And due to these innovations, he forecasts a continued arbitrage away from cities and high-density markets.

Are you ready to build a better comunity with happier residents?