4 ms·
I've read that Big Banks are still a tiny minority of landlords. The numbers I got for the 2012-2014 market (which was the peak of investor interest after the
by nostrademons 5y ago
I've read that Big Banks are still a tiny minority of landlords. The numbers I got for the 2012-2014 market (which was the peak of investor interest after the last bust) were that 20% of homes were sold to investors, and of those only 1-2% were large institutional investors (with the other 18-19% being mom & pop households who want to own a rental property) [1]. This is also consistent with anecdotal reports I've heard from realtors for the post-pandemic market; about 3-4% of their sales are to corporations, and the bulk are wealthy Millennial tech workers or folks moving out of HCOL areas.
[1] https://www.federalreserve.gov/econresdata/feds/2015/files/2015084pap.pdf https://www.federalreserve.gov/econresdata/feds/2015/files/2...