Unless a rock hit you in the head and you’ve got total amnesia of the 2008 crisis, you probably remember that real estate was responsible for one of the scariest times of our life time. People losing their jobs and savings, homes defaulting, people in panic…it was a mess. Basically, it wasn’t real estate but loans that were pumping up that industry.

Nevertheless, the effects of that crisis are still alive and well today: the national debt of the US has more than doubled since 2008, taxpayers needed to cover for the bank’s reckless behavior and today there is another crisis: student loan debt. It’s at its highest rate, and with jobs fleeing the country, the younger generation has a great combination of both high debt, and no job. So that means that younger people are delaying to buy homes simply because renting is cheaper. That was the same fact for the currently older generation in their time, however reports suggest that they are now delaying close to an extra decade (compared to previous generations) to buy homes.

In 2016, home ownership was at a 50 year low of 63%. As more and more people are getting into rentals, it is essential for a solution to better communication between landlords and tenants. The amount of time and the cost of renting nowadays, is just insane and it’s a great hassle for anyone, but especially people in the hot markets (San Francisco, Los Angeles, New York, Boston etc.) So it’s more important than ever for people to be able to sign their contracts electronically, pay their bills online and have a more direct and effective way of dealing with the landlords.  This rental experience is all offered by Rentberry. When it comes time to selecting a piece of property, the tenant has the opportunity to not only search through a bunch of  different apartments, but also look at the history of the landlord, read the reviews and bid on the property.