2 ms·
Them owning apartment buildings remains fine. They're now buying up residential single family homes. IIRC, 10% of homes in hot markets are being bought with ca
by specialist 2y ago
Them owning apartment buildings remains fine.
They're now buying up residential single family homes. IIRC, 10% of homes in hot markets are being bought with cash, no questions asked (wave inspections etc).
These private equity funds then rent those homes, with no intention of ever selling.
Meaning families are competing with funds for the already limited stock. Meaning rentals are now becoming a fixture in neighborhoods.