3 ms·
> a significant percentage of homes The real question is what is a significant percentage? My understanding was that the housing stock has always been so tight
by dugite-code 3y ago
> a significant percentage of homes
The real question is what is a significant percentage? My understanding was that the housing stock has always been so tight that residential vacancies (rental/sales) have always been in the single digit percentages. So if a private equity starts buying just a few percent they put an outsized pressure on a tight market.
Add in things like airbnb, foreign sales and the limited capacity in time and labour for construction you have a recipe for exhausting the already extremely limited suppy
- takinola 3y agoThat is why I used the qualifier "significant" as in enough to influence prices. What percentage of SFH sold are bought by PE each year? What percent of homes are held by PE? I would be surprised if either one is even in the high single digits. I can definitely see Airbnb or foreign buyers being a factor in some local markets. In both these cases, the operational aspect of home ownership is less of an issue since the ownership is diffuse.