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> starting with institutional and overseas investors. This would do next to nothing. The landlords buying up real estate are mom-and-pops with fewer than 10 pr
by duped 3y ago
> starting with institutional and overseas investors.
This would do next to nothing. The landlords buying up real estate are mom-and-pops with fewer than 10 properties. Which makes sense, because residential property is a pretty decent passive income that's only accessible to people with wealth but are not a good asset for large institutions.
Otherwise banks wouldn't sell foreclosed homes at a discount, they'd hold onto them if it was more profitable.
(1) https://www.housingwire.com/articles/no-wall-street-investors-havent-bought-44-of-homes-this-year/ https://www.housingwire.com/articles/no-wall-street-investor...
- Dah00n 3y ago>The landlords buying up real estate are mom-and-pops with fewer than 10 properties. That might be true, but there are lots of companies that own more than 1000 homes. 1-3 should be the limit.
- duped 3y agoYou might want to read into data like this (1) to get a better view of how much housing stock those companies own as a proportion of the total market (it's very little). The data is kind of hard to get, because many small landlords have incorporated as LLCs/LLPs and they make up the bulk of "corporate" ownership. But it's pretty clear that the big time owners like institutional investors/REITs/etc own less than 2% of all units. (1) https://sgp.fas.org/crs/misc/R47332.pdf https://sgp.fas.org/crs/misc/R47332.pdf