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And ...? Not sure what you're asking. As the report points out, institutional investors purchase only 3% of homes nationwide (but much higher in some cities).
by BeetleB 11mo ago
And ...?
Not sure what you're asking.
As the report points out, institutional investors purchase only 3% of homes nationwide (but much higher in some cities). Regular smaller investors likely buy more homes than the institutional ones.
- NickC25 11mo ago> institutional investors purchase only 3% of homes nationwide (but much higher in some cities). This is crucial. People are in cities - in the day and age of corporate consolidation, less and less jobs are available, and they are increasingly in-office, and increasingly in only a select few metro areas. Nobody would give a damn if a glut of housing was built in the middle of South Dakota or Maine or Wyoming. That's because there's very little to no jobs growth in those regions.
- BeetleB 11mo agoMost people are in cities, and most rentals in cities are not owned by then - except for the exceptions pointed out (Midwest and Southeast). If you're having trouble buying a house in Atlanta, yes - they are a big factor. In Austin? No - not a big factor.