Real Estate Articles

2020-07-18 Man With a Self-Storage Empire Now Rent You a Home | By: Brad Beckett

Man Who Built a Self-Storage Empire Now Wants to Rent You a Home


By Brad Beckett 

Is American becoming a renter nation?  A recent article by the Wall Street Journal (reposted on 
Realtor.com) takes an deep-dive into the empire created by billionaire B. Wayne Hughes and how his American Homes 4 Rent has altered the landscape of homeownership in America.  According to the article, during the previous housing crisis, Hughes went to Las Vegas & Phoenix to begin his plan of buying foreclosed homes to fix up and rent.  Now fast-forward to the present and the WSJ says his “land grab” has paid off as the “economic downturn, the rising unaffordability of homeownership and a global pandemic push a new generation to suburban home rentals.” 

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