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> Institutional housing ownership in the US is not a material contributor to housing price inflation I believe this nationally, but when you see things investo
by HelloMcFly 2y ago
> Institutional housing ownership in the US is not a material contributor to housing price inflation
I believe this nationally, but when you see things investors buying 1/3 of Atlanta homes in a given quarter [1] or investors buying 26% of the affordable homes, it becomes hard to believe there is not some level of effect occurring in target population centers. Most of the arguments I see about the small effect of investor purchases seems to focus on national averages (happy to be pointed elsewhere), but I think focusing on national trends will dilute the observed effect where it is occurring.
[1] https://atlantaagentmagazine.com/2022/03/24/investors-purchased-one-in-three-atlanta-homes-in-q4-the-highest-in-the-country/ https://atlantaagentmagazine.com/2022/03/24/investors-purcha...
[2] https://www.redfin.com/news/investor-home-purchases-q4-2023/ https://www.redfin.com/news/investor-home-purchases-q4-2023/
- pixl97 2y agoI also think there is far more informational to sellers that allow easier one way ratchets in price. Just a few houses selling higher than average in a neighborhood can increase housing prices in that area in the matter of days. In addition buyers are not limited to local market work. With online information you've brought the worldwide back to worldwide web. You see very view poorly listed underpriced houses any more. They get bought up insanely quickly.