K D Posted October 2 Posted October 2 8 minutes ago, Backintheday544 said: we’re shopping this summer for a house in the $800k to $1m range. I hate that we have to compete with these illegal immigrants taking houses we want!! Oh wait, no we’re competing with investors looking to treat housing as a commodity and coming in with all cash offers and no contingencies. You are lost man. The most competitive market is the entry level housing market. And meanwhile rent is through the roof as well. Very inclusive of you to laugh off people who can't afford to buy a house because you yourself are looking for higher priced homes. 1
wnyguy Posted October 2 Posted October 2 (edited) 9 minutes ago, Starr-Bills said: Did you see the link. They specifically want to remove legally here immigrants. And it was 10 million, then 15, then 20. You are pretty cavalier with other peoples lives. And the felon has shown zero interest in less power. Yes I did see the link and again, those here under Temporary Protective Status means that their legal stay here is temporary (that means not permanent) and I think you are being pretty cavalier with the lives and safety of American citizens. Edited October 2 by wnyguy 1
Starr-Bills Posted October 2 Posted October 2 1 minute ago, K D said: You are lost man. The most competitive market is the entry level housing market. And meanwhile rent is through the roof as well. Very inclusive of you to laugh off people who can't afford to buy a house because you yourself are looking for higher priced homes. Very inclusive of you to blame immigrants for what private equity capitalists are doing. Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices 1 1
Joe Ferguson forever Posted October 2 Posted October 2 6 minutes ago, K D said: You are lost man. The most competitive market is the entry level housing market. And meanwhile rent is through the roof as well. Very inclusive of you to laugh off people who can't afford to buy a house because you yourself are looking for higher priced homes. I know 2 individuals who owned the vast majority of rental units here. They live in the community and rents were reasonable. A national company bought them out and immediately massively raised rents. It's capitalism but so is only building high dollar houses. Low dollar houses need not be as you described....
Starr-Bills Posted October 2 Posted October 2 8 minutes ago, wnyguy said: Yes I did see the link and again, those here under Temporary Protective Status means that their legal stay here is temporary (that means not permanent) and I think you are being pretty cavalier with the lives and safety of American citizens. Yea protecting rule of law, caviler.
K D Posted October 2 Posted October 2 9 minutes ago, Starr-Bills said: Very inclusive of you to blame immigrants for what private equity capitalists are doing. Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices Fake news. "According to recent data, corporations own approximately 3-4% of homes in the United States, with most of these being single-family rental properties owned by institutional investors, representing a relatively small portion of the overall housing market." 1
ChiGoose Posted October 2 Posted October 2 Looks like the general consensus among voters was that the debate was a tie, maybe with Vance getting a slight edge: Some polling I saw (doesn't seem like there's a lot out there yet): 50% Vance | 50% Walz (Politico / Focaldata) 51% Vance | 49% Walz (Fox 2) 42% Vance | 41% Walz | 17% Tie (CBS News) 51% Vance | 49% Walz (CNN) Not a poll, but the Polymarket betting platform sees it a bit differently than the polls: 73% Vance - 27% Walz (Forbes) 1 1
Joe Ferguson forever Posted October 2 Posted October 2 4 minutes ago, K D said: Fake news. "According to recent data, corporations own approximately 3-4% of homes in the United States, with most of these being single-family rental properties owned by institutional investors, representing a relatively small portion of the overall housing market." link?
Roundybout Posted October 2 Posted October 2 1 hour ago, LeviF said: Motte/Bailey. Keep running, you have to go back too. We beat you once, we can certainly stomp you again.
Starr-Bills Posted October 2 Posted October 2 (edited) 8 minutes ago, K D said: Fake news. "According to recent data, corporations own approximately 3-4% of homes in the United States, with most of these being single-family rental properties owned by institutional investors, representing a relatively small portion of the overall housing market." 1. Nice link to source. 2. I read several articles they all had this bent, only buying 15% or 9% etc… but that was one year of sales, after 5 years the total owned would be much more significant. 3. In all the articles I read rents increased after ownership by equity and significantly 4. Okay let’s say what you say is true, they are also buying the starter properties and paying cash and a premium over asking (since they have more capital and can get cheaper loans equaling out the long term cost of the higher purchase price) making it harder for individuals to compete. if you want people to have homes, if you want people to build wealth, profit motive for large investors is not the way.. Edited October 2 by Starr-Bills Tried to add google search link
K D Posted October 2 Posted October 2 7 minutes ago, Joe Ferguson forever said: link? Google, it's the first thing that comes up. "Urban Institute data: As of June 2022, the Urban Institute reported that institutional investors owned around 3.8% of single-unit rental properties in the US."
K D Posted October 2 Posted October 2 10 minutes ago, Starr-Bills said: 1. Nice link to source. 2. I read several articles they all had this bent, only buying 15% or 9% etc… but that was one year of sales, after 5 years the total owned would be much more significant. 3. In all the articles I read rents increased after ownership by equity and significantly 4. Okay let’s say what you say is true, they are also buying the starter properties and paying cash and a premium over asking (since they have more capital and can get cheaper loans equaling out the long term cost of the higher purchase price) making it harder for individuals to compete. if you want people to have homes, if you want people to build wealth, profit motive for large investors is not the way.. Of the 100's of real estate transactions I've been a part of I've never once had something sell to a corporation. I have had a good number of buyers from China though interestingly enough!
Starr-Bills Posted October 2 Posted October 2 5 hours ago, BillsFanNC said: Fact checking is allowed in the internet.
Joe Ferguson forever Posted October 2 Posted October 2 8 minutes ago, K D said: Google, it's the first thing that comes up. "Urban Institute data: As of June 2022, the Urban Institute reported that institutional investors owned around 3.8% of single-unit rental properties in the US." https://finance.yahoo.com/news/institutions-set-own-40-single-130410686.html?fr=sycsrp_catchall
Chaos Posted October 2 Posted October 2 39 minutes ago, Starr-Bills said: Very inclusive of you to blame immigrants for what private equity capitalists are doing. Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices So your theory is that people are spending billions to buy homes, and leave them vacant, so as to reduce supply and drive up prices?
K D Posted October 2 Posted October 2 Just now, Joe Ferguson forever said: https://finance.yahoo.com/news/institutions-set-own-40-single-130410686.html?fr=sycsrp_catchall Well I hope not. That would be quite a jump from 3% to 40% in the next 5 years. Sounds like scare tactics because that math sounds impossible but if that's legit they should do something about it now before it becomes an issue. Absentee landlords, no matter if they are corporations or individual investors that don't live in the area, are bad for everyone. They don't keep up their houses and only fix them up after the city sends them threatening letters. I don't like HOA's but I also don't like neglected homes so hopefully somewhere in the middle there is a common sense solution. 1
Backintheday544 Posted October 2 Posted October 2 6 minutes ago, Chaos said: So your theory is that people are spending billions to buy homes, and leave them vacant, so as to reduce supply and drive up prices? You didn’t even have to read the article it’s right under the title: Lawmakers say investors that scooped up hundreds of thousands of houses to rent out are driving up home prices
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