The latest research suggests that when you need to park on public property, the best bet is to rent a small, three-bedroom apartment with a balcony.
According to a recent survey by the National Association of Realtors, the average number of units rented by investors is only one and a half.
That’s a lot less than the five million units that were purchased during the last recession.
But it’s a big jump from the nearly eight million homes that were sold during the housing boom of the late 1980s and early 1990s.
In other words, a big chunk of people who purchased homes during the bubble of the 1990s never made the transition to owning a home again.
That may be because the economy didn’t really pick up again until the housing bubble burst.
While the recovery has brought some relief to the real estate market, it hasn’t come close to bringing back the homes people once owned.
“The fact that there’s so much money in the real-estate market, and it’s just going to go up and up and down, it makes it harder to bring people back to the home,” said Peter Korte, president of the realty research firm Kortes Realty Advisors.
Even if investors are willing to pay more, many are hesitant to spend money on a rental.
“It’s like a big gamble,” said Jason Wojcik, a real estate agent in Atlanta.
Wojcike, who owns two properties in Oak Park, said that the average monthly rental on a one-bedroom unit in the area is $3,000, while a three-bed unit costs $4,000.
While those numbers are low compared to other areas, they’re higher than the $3 to $4 that some of the other Bay Area neighborhoods have experienced.
But there are a few exceptions to the rule.
A three-story condo in Oak View is currently priced at $1,000 a month.
And in Mountain View, two-bedroom condos are now priced at just $900 a month, according to a new survey by Realtor.com.
If you want to save money and rent a smaller apartment, consider buying a second home instead.
A survey by real-tor.com shows that, on average, a single-family home is valued at $2,000 less than a two-story, multi-family property.
The average value of a new two- or three-family house is $6,000 more than a single house.
According the survey, single- and two-family homes have historically been the priciest neighborhoods in the Bay Area.
A recent study by the realtor.net found that in 2017, single families made up 25 percent of homes valued at more than $200,000 in the neighborhood.
Two- and three-person families made only 15 percent of the market.
Wozniak, of RealtyStars, said many people who rent apartments don’t necessarily need to worry about the value of their properties.
They can pay as little as $2 per month for a two bedroom apartment.
“People need to be aware of that and be careful,” he said.
“It’s really important to get a realtor’s report and a professional appraisal to make sure they’re not going to be hurt if they’re going to end up in the market and they don’t have a good value,” said Kortee.
Even though the housing market is still strong in the city, a lot of investors are taking their time to figure out what the best option is.
“I think they’re thinking, ‘How am I going to buy a house if I don’t know what I’m going to get?'”