4 ms·
Seems like a perfect opportunity for Blackrock and friends to continue buying up homes in cash. Not like anyone should be buying now with current interest rates
by valianteffort 3y ago
Seems like a perfect opportunity for Blackrock and friends to continue buying up homes in cash. Not like anyone should be buying now with current interest rates.
- jacobr1 3y agoThis is a partial misunderstanding - the institutional purchasers very much are using debt. But at the level of making an offer, they do so in cash without any financing contingencies. The models under which they can make profitable purchases does depend upon the prevailing rates, thus precipitating a recent be drop off in institutional purchases.
- mcphage 3y ago> Not like anyone should be buying now with current interest rates. In the recent past, it seems like interest rates have been unusually low. Do you think they're going to go back down to those levels, instead of rising up to more historical rates?