Investors bought a quarter of US homes sold last year
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Re: Investors bought a quarter of US homes sold last year
#2It would be interesting to see the "investors" segmented by assets under management (AUM). I'm sure some "investors" are mom and pop rental situations while other institutions, such as BlackRock, are purchasing single-family homes at scale.
I'll also be curious to see what happens when remodels need to happen. Many trade labor markets are hyper localized and difficult to scale across a property portfolio, this is where RedFin and Zillow struggled to "flip" effectively.
Re: Investors bought a quarter of US homes sold last year
#3Pretty hilarious to see “Why is Rent Skyrocketing?” as the article directly under this one on the front page.
Re: Investors bought a quarter of US homes sold last year
#4It would be interesting to see the "investors" segmented by assets under management (AUM). I'm sure some "investors" are mom and pop rental situations while other institutions, such as BlackRock, are purchasing single-family homes at scale. I'll also be curious to see what happens when remodels need to happen. Many trade labor markets are hyper localized and difficult to scale across a property portfolio, this is whe…
Aren't most mom-and-pop investors getting real estate exposure via their Blackrock holdings?
Re: Investors bought a quarter of US homes sold last year
#5What constitutes an 'Investor' in this article? If I see a distressed home for sale in my neighborhood and decide to buy it, fix it up, and rent it out; this article seems to put me in the same category as institutional investors who come in and buy or build entire communities of homes.
Re: Investors bought a quarter of US homes sold last year
#6It would be interesting to see the "investors" segmented by assets under management (AUM). I'm sure some "investors" are mom and pop rental situations while other institutions, such as BlackRock, are purchasing single-family homes at scale. I'll also be curious to see what happens when remodels need to happen. Many trade labor markets are hyper localized and difficult to scale across a property portfolio, this is whe…
> The CoreLogic data shows that what it calls “mega” investors, with a thousand or more homes, bought 3% of houses last year and in 2022, compared with about 1% in previous years, with the bulk of investor purchases made by smaller groups.
Re: Zillow, it actually did well in the flipping business when relying on its models to make the buy decision. It got into trouble after tweaking the model to say "buy" on more (and more expensive) homes.
Re: Investors bought a quarter of US homes sold last year
#7Pretty hilarious to see “Why is Rent Skyrocketing?” as the article directly under this one on the front page.
Hilarious sure, but also sad and concerning. I'm tentatively alright with the idea of renting forever and never owning property... but with rent increasing and investors buying up more and more property, it looks like things will get uglier and uglier.
I am not alright with paying absurdly high rent.
Re: Investors bought a quarter of US homes sold last year
#8I really hope that battery technology, EV technology, and self-driving technology lead to a tremendous boom in full-time RV / vanlife popularity and make it a better quality of life than traditional fixed housing and all the people who bought up housing as an investment vehicle see their money go poof.
It's like using potable water or the air we breathe as an investment vehicle.
Re: Investors bought a quarter of US homes sold last year
#9What constitutes an 'Investor' in this article? If I see a distressed home for sale in my neighborhood and decide to buy it, fix it up, and rent it out; this article seems to put me in the same category as institutional investors who come in and buy or build entire communities of homes.
Are you not an investor in that situation? The person who wants to own a house to actually live in is the only one not being an investor.
Re: Investors bought a quarter of US homes sold last year
#10What constitutes an 'Investor' in this article? If I see a distressed home for sale in my neighborhood and decide to buy it, fix it up, and rent it out; this article seems to put me in the same category as institutional investors who come in and buy or build entire communities of homes.
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