There are 16 million vacant houses and not a drop of drinking water.
As the U.S. housing crisis deepens, some savvy investors are turning to the abundance of vacant homes as a solution to the supply shortage.
The Real Deal's Deconstruct podcast spoke with Kurt Carlton, who co-founded the investment platform New Western during the Great Recession, which has since offered small investors the opportunity to profit from buying distressed assets.
Carlton said there is now an opportunity for the open position — and the rewards are bigger than the benefits.
Fix-and-flip investors can bring disused homes back onto the market, helping to fill a housing shortage that reached 6.5 million homes last year.
“I think real estate investors are going to be a big part of the solution and will ultimately be the unsung heroes,” Carlton said in an interview with TRD.
To hear more from Carlton and understand how Gen Z is using technology to reinvent real estate investing and why millennials are turning to the New Western to build their wealth, listen to the full episode.
The Real Deal's Deconstruct podcast is available on Apple, Spotify, Stitcher, Pandora and TheRealDeal.com.
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