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The Future of Housing Affordability in Central Indiana with Mark Nottingham
Manage episode 450959100 series 3368912
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In this episode Jeremy discusses housing affordability with guest Mark Nottingham, Principal Broker at @properties in Indianapolis.
They discuss the current challenges faced by investors and homebuyers due to significant increases in real estate values and rent prices over recent years. Nottingham shares his personal experiences in real estate since 2008 and discusses the evolution of his business.
They explore various factors contributing to the affordability issues, including wage growth lagging behind property price increases, the impact of student debt, and the difficulty in finding cash flow-positive properties in Indianapolis.
Nottingham outlines potential solutions and emphasizes the importance of changing zoning regulations to allow for more density, which could help alleviate the affordability crisis. The conversation concludes with Nottingham advising investors to adjust expectations and consider different ways to profit from real estate investments in the current market landscape.
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