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The corporate mega landlords will own a large chunk of all housing in the future, and never release it back to the market. According to the source data for the
by WillPostForFood 3y ago
The corporate mega landlords will own a large chunk of all housing in the future, and never release it back to the market.
According to the source data for the article:
42% OF SINGLE-FAMILY PROPERTIES PURCHASED BY INVESTORS WERE CONVERTED TO RENTALS
45% WERE SOLD BACK (flipped)
So they are in mostly back on the market.
This is where the data from the article is from:
https://cdn.nar.realtor/sites/default/files/documents/2022-impact-of-institutional-buyers-on-home-sales-and-single-family-rentals-05-12-2022.pdf https://cdn.nar.realtor/sites/default/files/documents/2022-i...
- clipsy 3y agoIn one iteration, 42% are converted to rentals and 45% were "sold back" -- but to whom were they sold back? If they were sold to other investors, they go through another 42% reduction. And so on, for however many iterations there are until it ends up in the hands of someone who actually wants to live there.