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In my area your competition is banks with investors (invitation homes/blackstone group). I'd say the problem is locale specific depending on the utilization an
by sambull 8y ago
In my area your competition is banks with investors (invitation homes/blackstone group). I'd say the problem is locale specific depending on the utilization and profitability for investments
- TomVDB 8y agoIs that in the Bay Area? I’m surprised that current prices make it attractive for a hedge fund to invest in rentals, because the price to rent ratio just isn’t there.
- mrkurt 8y agoThe rent/price ratio is reasonably attractive if you bet on houses appreciating and taxes staying the same.
- TomVDB 8y agoHedge funds (and my wife and I, but really my wife...) made that bet in 2010-2012. And it was a fantastic opportunity. It’s not a bet that I would make at today’s prices, so I’m surprised that a hedge fund would still do it.