Dismissive or not, this common witticism in urban planning circles gets at a central truth of today’s housing crisis: the dearth of affordable housing in most economically dynamic American cities is not due to a temporary shortage or mispricing, but rather a protracted failure that stretches back decades.
In our latest whitepaper, Virtus Director of Research Zach Mallow takes on the housing crisis, examining its scope and major drivers before diving into what he deems the “binding constraint” keeping urban rental rates too high. What’s driving today’s housing crisis, and more importantly…is there anything to be done about it?
Read the paper.
About Virtus
Virtus Real Estate Capital, founded in 2003, brings thoughtful stewardship to the practice of real estate investment, delivering non-correlated alpha via cycle-resilient real estate. Over the last 16 years, Virtus has acquired 237 properties for a combined acquisition value of over $4.1 billion and has fully realized 177 property investments. With a strong and established track record, Virtus has proven to be successful in all phases of the market cycle.