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> People selling their $1.5M home in California and buying one home here and one in Arizona/Florida. And real estate investment groups buying up housing to ren
by calvano915 5y ago
> People selling their $1.5M home in California and buying one home here and one in Arizona/Florida.
And real estate investment groups buying up housing to rent.
- falcolas 5y agoAs per a conversation I had with a realtor, they don't buy houses to rent them out, since the wear and tear of the renting lowers the eventual sale price. Since the price for houses has been going up steadily for over a decade now, it's financially advantageous for them to leave the houses empty and wait for a sale.