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Wonder what percentage of landlords are big corporations vs. mom and pops who invested in a multi-unit instead of a 401k.

pmoriarty 5y ago
According an Atlantic article titled "BlackRock Is Not Ruining the U.S. Housing Market"[1]: "The U.S. has roughly 140 million housing units, a broad category that includes mansions, tiny townhouses, and apartments of all sizes. Of those 140 million units, about 80 million are stand-alone single-family homes. Of those 80 million, about 15 million are rental properties. Of those 15 million single-family rentals, institutional investors own about 300,000; most of the rest are owned by individual landlords. Of that 300,000, BlackRock -- largely through its investment in the real-estate rental company Invitation Homes -- owns about 80,000... "Megacorps such as BlackRock, then, are not removing a large share of the market from individual ownership. Rental-home companies own less than half of one percent of all housing, even in states such as Texas, where they were actively buying up foreclosed properties after the Great Recession. Their recent buying has been small compared with the overall market." [1] - https://www.theatlantic.com/ideas/archive/2021/06/blackrock-ruining-us-housing-market/619224/?utm_source=feed https://www.theatlantic.com/ideas/archive/2021/06/blackrock-...
- s1artibartfast 5y ago
  What portion of the individual landlords own multiple units and were operating in the green during the pandemic? Also, this is looking at only 80/140 million units which are singly family. I expect if you look at the other 60 million multi family units, the results would be the exact opposite. How many high rise apartment buildings in SF and NY are owned by individuals?
  - JKCalhoun 5y ago
    Agree. And further, in which direction is the industry moving? It looks as though that my kids will be unable to buy a home and may be renters-for-life — as with an increasingly larger percentage of the upcoming generations. No doubt, like in every other pursuit of Capitalism, there will be mergers, buyouts, and consolidation of the entire "rental industry".
    - s1artibartfast 5y ago
      I tend to agree that things will become increasingly consolidated, but think it is more the fault of the government, opposed to the capitalist system. It is the government which has inflated the cost of housing and assets out of the reach of many people. For example, in 2020, there were 10 trillion dollars in US covid packages and federal reserve actions, which mostly went to corporation to buy assets out from under individuals. Thats > $60,000 per federal taxpayer.
deleted 5y ago
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pmoriarty 5y ago

According an Atlantic article titled "BlackRock Is Not Ruining the U.S. Housing Market"[1]: "The U.S. has roughly 140 million housing units, a broad category that includes mansions, tiny townhouses, and apartments of all sizes. Of those 140 million units, about 80 million are stand-alone single-family homes. Of those 80 million, about 15 million are rental properties. Of those 15 million single-family rentals, institutional investors own about 300,000; most of the rest are owned by individual landlords. Of that 300,000, BlackRock -- largely through its investment in the real-estate rental company Invitation Homes -- owns about 80,000... "Megacorps such as BlackRock, then, are not removing a large share of the market from individual ownership. Rental-home companies own less than half of one percent of all housing, even in states such as Texas, where they were actively buying up foreclosed properties after the Great Recession. Their recent buying has been small compared with the overall market." [1] - https://www.theatlantic.com/ideas/archive/2021/06/blackrock-ruining-us-housing-market/619224/?utm_source=feed https://www.theatlantic.com/ideas/archive/2021/06/blackrock-...

s1artibartfast 5y ago
What portion of the individual landlords own multiple units and were operating in the green during the pandemic? Also, this is looking at only 80/140 million units which are singly family. I expect if you look at the other 60 million multi family units, the results would be the exact opposite. How many high rise apartment buildings in SF and NY are owned by individuals?
- JKCalhoun 5y ago
  Agree. And further, in which direction is the industry moving? It looks as though that my kids will be unable to buy a home and may be renters-for-life — as with an increasingly larger percentage of the upcoming generations. No doubt, like in every other pursuit of Capitalism, there will be mergers, buyouts, and consolidation of the entire "rental industry".
  - s1artibartfast 5y ago
    I tend to agree that things will become increasingly consolidated, but think it is more the fault of the government, opposed to the capitalist system. It is the government which has inflated the cost of housing and assets out of the reach of many people. For example, in 2020, there were 10 trillion dollars in US covid packages and federal reserve actions, which mostly went to corporation to buy assets out from under individuals. Thats > $60,000 per federal taxpayer.

deleted 5y ago

[deleted]