Up to 90% of new real estate scooped up by investors

New
wuNP62

New

wuNP62
Jan 16 7 Comments

I was reading on Blind a couple of days ago about somebody scooping up mobile home parks in Alabama, and how that inflates the #rents for everyone. Are they now out of #land to put up new mobile home parks in Alabama and sell them to rich investors from California? Any day now the last swamp in Florida will be sold to someone and that will be it.

Sounds like there's going to be a blowoff top wherein a ton of late #investors get left with the bag while actual #home seekers are left way in the dust. Then I guess the question is how far does it drop until #homeowners step back in to buy.

http://archive.today/2022.01.16-204554/https://betterdwelling.com/canadian-cities-have-seen-up-to-90-of-new-real-estate-supply-scooped-by-investors/

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TOP 7 Comments
  • Qualcomm / Eng
    SRRa73

    Go to company page Qualcomm Eng

    SRRa73
    Regular homeowners don’t offer enough in the bidding a lot of times, when I’ve gone to purchase investment properties we will match the listing price meanwhile regular homebuyers offer much less and wonder why their offers are getting rejected
    Jan 16 4
    • I guess we're talking about two different things

      Here in Seattle, I've seen a bunch of houses get bought up way over listing price, then get out up for sale again a few months later for even higher (without any flips or improvement)
      Jan 16
    • Qualcomm / Eng
      SRRa73

      Go to company page Qualcomm Eng

      SRRa73
      I mean yes that’s because people are willing to buy them from investors at those prices which sucks for regular homebuyers because then the values are inflated for that area, but tbh there won’t be a bubble for all real estate in Seattle or Bay Area but for those hyped up areas the value will slowly come down when people realize they are inflated with sub par schools and nothing really to show that it’s worth that much
      Jan 16
  • Google / Eng
    ABC-CEO

    Go to company page Google Eng

    ABC-CEO
    Can't wait to buy up condos in the Metaverse!
    Jan 16 0
  • Qlik
    mBfx84

    Go to company page Qlik

    mBfx84
    Hate to break it to you but the swamps in Florida were being sold in 2018.

    The state changed laws so they can develop previously protected swamp land.
    Jan 16 0