5 ms·
Cities are where the jobs are, though, and at least in my (American) city of residence, most of the single family homes sold in the last year were bought by pro
by joker_minmax 3y ago
Cities are where the jobs are, though, and at least in my (American) city of residence, most of the single family homes sold in the last year were bought by property management companies to become rentals or flipped.
- spankalee 3y ago> most of the single family homes sold in the last year were bought by property management companies What's your source on this? I see similar claims, never cited. Even if true, that would be a symptom of under-production. Build more and there isn't the incentive to invest in an asset with government-boosted appreciation.
- joker_minmax 3y agoI won't doxx myself but I found one here with a 30% figure with data from 2021 about Texas. https://news.ycombinator.com/item?id=36304142 https://news.ycombinator.com/item?id=36304142