Americans really want to study in Ireland. There's just one problem. Trying to find somewhere to live.Ireland has one of the world's toughest rental markets. An increased number of Americans have accepted offers to come and study here this year. At Trinity College, one of Ireland's most prestigious institutions, there's been a 40% increase in postgrad offers being accepted by US applicants this year on last year.Other institutions are seeing similar trends. The US's love affair with Ireland goes back a long ...

Off-topic, but I'm helping my uncle rent out an apartment in the inner city rn and it's crazy how desperate people are.The messages feel like a competition to see who can suck up better ...

Core Insights - The rental market in Chengdu is experiencing a downward trend in listing rents starting from 2024, although core second-tier cities saw an approximate 10% increase in rents post-pandemic in 2023 [1] - Chengdu's rental prices remain relatively stable, with a 4% increase compared to early 2021 levels, while other cities like Nanjing, Chongqing, and Wuhan have seen a decline of about 7% [1] - The average listing rent in Chengdu for 2024 is 37.2 CNY/m²/month, with a slight decrease of 2.2% to 36.4 CNY/m²/month in the first seven months of 2025 [3][5] Rental Price Trends - The average listing rent per unit in Chengdu decreased by 4% from 2024 to 2025, with the average rent being 1,635 CNY/unit/month in 2024 and 1,570 CNY/unit/month in the first half of 2025 [5] - The average unit area for listings has decreased to approximately 45.8 m², indicating a shift towards smaller, lower total price rentals due to uncertain income expectations [5] Demand and Supply Dynamics - The primary rental supply in Chengdu is concentrated in the 501-2000 CNY/unit/month price range, accounting for 70% of the market, with demand in this range at 77% [7] - There is a notable increase in demand for two-bedroom units, with a 1.4% rise, while the demand for one-bedroom units remains stable [7][10] - The supply of three-bedroom units has increased significantly, comprising over half of the market supply, but the demand remains balanced across one to three-bedroom units [7][10] Regional Performance - Core areas in Chengdu, such as Jinjiang, Wuhou, and Qingyang, have shown stronger rental price performance, with increases of 4%, 1.5%, and 1.4% respectively compared to 2024 [11] - Despite higher rents in core areas, demand has slightly decreased, indicating a shift towards more cost-effective regions [11][14] - The rental supply and demand distribution across various regions in Chengdu is relatively balanced, with no excessive concentration in core areas [14] Summary of Market Behavior - The overall rental market in Chengdu is performing well post-pandemic, with a notable adjustment in tenant behavior towards more affordable non-core areas due to rising rents in core regions [13] - The market is witnessing a gradual increase in co-renting demand, reflecting a shift in consumer behavior towards more rational spending [13]

Core Insights - New England Realty Associates Limited Partnership (NEN) reported a decline in share price of 0.7% following its earnings report for Q2 2025, contrasting with a 1.7% increase in the S&P 500 index during the same period [1] - The company achieved earnings per share of $35.59, an increase from $34.77 in the same quarter of the previous year [1] Financial Performance - Revenues for the quarter reached $21.2 million, reflecting a 5.9% increase from $20.1 million year-over-year [2] - Rental income rose by 6% to $21 million, while laundry and sundry income decreased by 3.3% to $0.2 million [2] - Net income was reported at $4.2 million, up 1.9% from $4.1 million a year earlier [2] - Income from unconsolidated joint ventures increased significantly by 51% to $0.5 million [2] Operational Metrics - Occupancy rates for residential properties improved to 2.4% as of August 1, 2025, compared to 1.5% a year earlier [3] - Commercial property vacancy increased to 4.6% from 1% in the prior-year period [3] - Average rent increases were recorded at 4.6% for renewals and 1.4% for new leases during the quarter [3] Management Commentary - Management emphasized steady rental growth and disciplined cost control, with income before other income and expense rising by 8% year-over-year [4] - Interest income saw a decline of 33.7% to $0.7 million due to the liquidation of U.S. Treasury bill investments for property acquisitions [4] - Interest expense increased by 6.1% to $4.1 million, partly due to new borrowings related to these acquisitions [4] Revenue Drivers - The revenue increase was primarily driven by higher rental rates across various properties, including Westgate Apartments and Hamilton Green Apartments [5] - Expense trends indicated increased taxes, insurance costs, and higher renting expenses, offset by lower depreciation and maintenance costs [5] - Contributions from joint ventures significantly boosted earnings [5] Future Outlook - The company anticipates a moderating rental market for the remainder of 2025, expecting slower rent growth [6] - The completion of the 72-unit Mill Street Development project in Woburn, MA, is expected in the fourth quarter, viewed as a key addition to the portfolio [6] Recent Developments - On June 18, 2025, the company acquired Hill Estates in Belmont, MA, for $172 million, along with two nearby commercial properties for $3 million [7] - These acquisitions were financed through the sale of U.S. Treasury bills, a $40 million draw on the Master Credit Facility, and a $67.5 million interim mortgage loan [7] - The company continued construction on the Mill Street Development, with total investment to date at $28.1 million [7] - A quarterly distribution of $12.00 per unit was approved, and refinancing of the 81 Essex Street loan maturing in October 2025 was initiated [7] - The company repurchased 533 Depositary Receipts between July 1 and August 8, 2025, under its active buyback program [7]

Market Trends & Investment Landscape - Investors, ranging from small "mom and pop" investors to larger entities like private equity, REITs, and sovereign wealth funds, are actively purchasing single-family properties [2][3] - Investors who buy homes to flip or rent account for 30% of purchases of both existing and newly built single-family homes [1] - High interest rates (hovering just under 7%) are making it difficult for individuals to qualify for mortgages, driving demand for rental properties [5] - Renting a new house is now cheaper than buying in the largest 50 cities in the US [16] Homebuilder Dynamics - Homebuilders have excess inventory, creating opportunities for investors to purchase and help them improve profits [4] - Builder incentives are helping smaller investors get into the market [7] Investor Strategies & Advantages - Smaller investors can be more nimble than larger funds due to fewer restrictions and no investment committee mandates [9][10][11] - Smaller investors have access to funding sources like credit unions and 401k loans [6][7] - The business model for smaller investors involves buying, renovating, renting for 3-5 years, and then selling for capital gains [8][9] Kinloch Partners' Business Model - Kinloch Partners focuses on building brand new, larger (four and five bedroom) houses with high-end finishes for rent in Tennessee, Georgia, and South Carolina [14][15] - Kinloch Partners rents houses at roughly $1 per square foot [15] - Kinloch Partners provides high-quality rental houses to people who cannot afford to purchase them [17]