Narrative is Growing: Investors Help Crowd Out Everyday Homebuyers as U.S. Home Prices Soar
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QCvz14
Jan 15
13 Comments
As an #investor, the problem is there are so many people who are willing to take 0% cash returns just to own a #property and bank on appreciation. So stupid. I bought my last #SFR in Jan 2021. Prices shot up, and the market was flooded with #rental supply (mostly from Invitation Homes, FirstKey, and Main Street Renewal ironically). At this point the #economics don't make sense. I'd have to charge #rents no one can afford to make the numbers work. And sky-high rents in a market with too much inventory. I'm tapped out.
http://archive.today/2022.01.10-172641/https://www.bloomberg.com/news/articles/2022-01-10/investors-help-crowd-out-everyday-homebuyers-as-u-s-prices-soar
Investor Share of Home Sales vs. Price Growth from 2019 to 2021
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Bay Area? London? Uganda?
JFC, if you need help with your rant, get the details shared first.