{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"S9E1 - Jay Parsons | What the Data Actually Says about Rental Housing","description":"In this episode of Real Returns, Andrew sits down with Jay Parsons, a rental housing economist, advisor, and podcaster who helps investors and other stakeholders make sense of what's actually happening in apartments and single-family rentals. Jay pulls back the curtain on the data behind today's multifamily market, from where institutional capital is and isn't looking, to why the national affordability conversation gets the real story wrong. He and Andrew also get into migration patterns within a single metro, the flight to quality reshaping renter demand, and where the next decade of returns will actually come from. Timestamps: 00:00 - Cold Open: Migration Back To Local Markets 00:53 - Meet Jay Parsons 02:46 - Why Execution Now Matters More Than Ever 04:58 - Pittsburgh, Cincinnati, And Cleveland Fly Under Radar 07:57 - The Flight To Quality Among Renters 10:01 - Migration Patterns Within A Single Metro 11:57 - Solving The Affordable Housing Shortage 15:54 - Rethinking The National Affordability Narrative 20:16 - Why The Next Cycle Is About NOI 22:34 - How To Reach Jay &quot;If you take out that population, we do not have an affordability crisis in the U.S. on a national level.&quot; \u2014 Jay Parsons Connect with Jay: LinkedIn: linkedin.com\/in\/jay-parsons-a7a6656 Website: jayparsons.com \u2014 For more insights on purposeful investing, subscribe to Real Returns on Apple Podcasts, Spotify, or YouTube. Apple Podcasts: [link pending] Spotify: [link pending] YouTube: [link pending] \u2014 Subscribe to our NEW monthly newsletter: http:\/\/www.realreturnspodcast.com Want to see your question answered on the show? Submit a question via our Q&amp;amp;A form: https:\/\/forms.gle\/Fy9E6H7BTpzhGPueA \u2014 Invest alongside Birgo in Birgo Heartland Multifamily Fund V, targeting resilient Midwest workforce housing markets: https:\/\/birgo.com\/fundv?utm_source=youtube&amp;amp;utm_medium=podcast&amp;amp;utm_campaign=s9e1_jayparsons&amp;amp;utm_content=fund_v Reiturn\u00ae is Birgo's new platform bringing real estate investing to everyday investors, not just accredited ones, with a minimum for the public of $1,000.&amp;nbsp; \u2013 The equity crowdfunding round to support and own a share of Reiturn\u00ae is live now at invest.reiturn.com\/?utm_source=youtube&amp;amp;utm_medium=podcast&amp;amp;utm_campaign=s9e1_jayparsons&amp;amp;utm_content=reiturn_raise &amp;nbsp; ","author_name":"Real Returns","author_url":"https:\/\/www.birgo.com\/capital","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/42846000\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/206124340"}