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>Citing NRHC member-provided data, Howard said that out of 23 million single-family rental homes in the U.S., only about 300,000, or 1.3%, are owned by large co
by cragfar 4y ago
>Citing NRHC member-provided data, Howard said that out of 23 million single-family rental homes in the U.S., only about 300,000, or 1.3%, are owned by large companies.
NRHC includes the aforementioned Blackrock. Your quote says the top 5 SFH companies own 7,000 homes in Harris County. A county with 1.6 million homes. The sexy headline of 28% of all homes being bought by institutional investors says an LLC is an institutional buyer. It wasn't Blackrock hoovering up all these homes, it was smaller shops and normal people flush with cash and leverage.
- oldstrangers 4y agoYour idea of "normal people flush with cash" is ... private equity lol. It's incredibly common for companies to spin off random LLCs to buy up whatever they want.
- cragfar 4y agoPutting a rental in an LLC is very standard advice for anyone buying one. You've clearly made your mind up about this and won't change it if you think PE is buying up all these homes when you linked an article saying 5 public companies with $110 billion in market cap with access to almost unlimited amounts of cash only managed to capture 1.3% of the market.
- oldstrangers 4y ago7,000 homes in ONE county isn't a big deal to you, so there's clearly no convincing you either. Take care.