If you are thinking you saved $200k for a house , you are no match to $328 billion cash reserved to buy real estate if the price is coming down "Private equity firms across the globe hold an estimated $328 billion in dry powder for real estate deployment, according to the data firm Preqin Ltd. Prior to the crisis, asset prices had been pushed up as investors chased yield in riskier corners of the property market. Now, Blackstone Group Inc. and Brookfield Asset Management Inc., the largest real estate investing companies, are expected to hunt for bargains among the fallout from the pandemic." https://www.bloomberg.com/news/articles/2020-05-19/loaded-with-cash-real-estate-buyers-wait-for-sellers-to-crack?srnd=premium #investments
Are you saying that companies have more money than I do? Yes, that’s right. I can’t buy a house? No, I still could. :)
This is dumb. Consumers aren't in the market for commercial real estate which private equity is going for
Not only for commercial real estate, but also consumer rental properties
Did you just watch the patriot’s act 😊?
They not buying overpriced Bay Area shacks
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FUCK LEETCODE
Might as well spend that $200K on BX and BAM 🤷🏻♂️