"Instead of homeownership, we have renters by necessity. We think this will continue on for another five years at least." Tiburon-based real estate investor Maxwell Drever talks about his far-flung investments in multiple unit housing, buying up distressed or underwater properties and making them attractive to longterm middle class and workforce tenants. Sadly, Drever says it's impossible to do in San Francisco, so he's investing in outlying areas like Fairfield and Pittsburg as well as nationally. He also thinks the business model for buying foreclosed single family homes as rental investments is over. [SFGate/Photo Credit: MultihousingPro]
Filed under: