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> Imagine if they didn't - what would happen? Landlords would require stellar credit, several months payment up front, and regular financial checks. This all as

> Imagine if they didn't - what would happen? Landlords would require stellar credit, several months payment up front, and regular financial checks. This all assuming they just don't pack up and sell their property (which has gone up significantly in value) thereby reducing the available places to rent. So the nightmare scenario here is more people own their homes? I’m not sure I see why that’s bad, but it seems just as likely that they’re selling to other landlords more able to handle the vicissitudes of the market.

xf1cf 5y ago
Where I live Californians have absolutely decimated the market. A few realtor buddies of mine say they almost exclusively deal in cash buyers from there and I was almost outbid on my own house several years ago by the same people. The net result is either these homes will go to the wealthy in a state with outsized influence (California), or they will be purchased and lived in by them. This pushes the locals even further out of the market and doesn't really do anything to resolve the current supply shortage we have. For Duplexes though I think you are correct. Likely they will sell to far more stringent mega-corps capable of withstanding 100 year events.