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Started By
Message
re: What should be done about investors buying up homes?
Posted on 5/20/24 at 2:12 pm to Big Scrub TX
Posted on 5/20/24 at 2:12 pm to Big Scrub TX
quote:
I have perfectly described exactly what I meant to describe.
Most of the posters here (unlike yourself, evidently) understand the president doesnt control the interest rate.
1
Posted on 5/20/24 at 2:14 pm to RogerTheShrubber
quote:You have typed literally the opposite of the truth.
Most of the posters here (unlike yourself, evidently) understand the president doesnt control the interest rate.
Posted on 5/20/24 at 2:14 pm to Big Scrub TX
Youre very confused, once again between inflation and the interest rates.
Posted on 5/20/24 at 2:25 pm to RogerTheShrubber
Posted on 5/20/24 at 2:29 pm to Dodd
So in your opinion, institutions buying up 25% plus of residential space which young people normally pursue, with cash and at inflated prices isnt happening, despite the facts posted here?
I would say its you making up alternative facts, chief.
I would say its you making up alternative facts, chief.
quote:
SEATTLE, February 14, 2024--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors bought 26.1% of low-priced U.S. homes that sold in the fourth quarter, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the highest share on record and is up from 24% a year earlier. By comparison, investors purchased 13.6% of mid-priced homes that sold (vs 14.3% a year earlier) and 15.9% of high-priced homes that sold (vs 15.4% a year earlier).
This post was edited on 5/20/24 at 2:31 pm
Posted on 5/20/24 at 2:33 pm to RogerTheShrubber
Where does that article say institutions? Can your neighbor not be an investor?
I already shared US census data to support the “Institutional” ownership change since 2016. It’s a small pimple on the housing arse.
I already shared US census data to support the “Institutional” ownership change since 2016. It’s a small pimple on the housing arse.
Posted on 5/20/24 at 2:36 pm to Dodd
quote:
It’s a small pimple on the housing arse.
Not in the starter/lower priced segment, its not.
Posted on 5/20/24 at 2:41 pm to RogerTheShrubber
Show me the data supporting your claim. Show me how many existing entry level homes have been purchased by institutional investors.
Separately, you tell me if institutional investors adding housing stock for rent (that would not exist otherwise) is a good or bad thing.
Separately, you tell me if institutional investors adding housing stock for rent (that would not exist otherwise) is a good or bad thing.
Posted on 5/20/24 at 2:50 pm to Big Scrub TX
quote:
So, 250 homes prove something about supply in an MSA with 2 million + people?
Hey dumbfrick... That is ONLY 1 builder dipshit. There are plenty other builders doing the same.
READING is hard for you isn't it.
Posted on 5/20/24 at 2:53 pm to RogerTheShrubber
quote:
Thats not whats fueling the investor side, though it might be in the minds of planners.
Investors are just reacting to the wealth created by the govt printing money. They have the cash, they know govt will prop up their investments.
Its the first time, young home buyers getting fricked.
They may be reacting to what the government is "doing", but I believe they are all in this together. They are playing the long game together.
Posted on 5/20/24 at 2:55 pm to Dodd
quote:
Separately, you tell me if institutional investors adding housing stock for rent
Many are doing short term rentals. Air BnB, business rentals. this does little to nothing for the community.
In many communities, its taken rental and property for purchase out of the market.
It hard to gripe about individuals renting houses. Theres a lot to complain about for allowing Air BNBs in places hotels arent allowed.
This post was edited on 5/20/24 at 2:57 pm
Posted on 5/20/24 at 4:02 pm to RogerTheShrubber
quote:Not even slightly. Your knighting for this ignorant board on this topic is weird.
Youre very confused, once again between inflation and the interest rates.
Posted on 5/20/24 at 4:03 pm to TigerDoug
quote:How many builders? How many aggregate units are we talking about?
Hey dumbfrick... That is ONLY 1 builder dipshit. There are plenty other builders doing the same.
I didn't create the anecdote - I was only provided with it as evidence that the premise of this thread were true.
Posted on 5/20/24 at 4:15 pm to MadQfrog
You mean the benefactors from the Lords of Easy Money?
Too late, the Financial Meltdown of 2008-2010 ushered in the framework for the Lords of easy Money with TARP/ZIRP/QE......genie is out of the bottle.
During the time period from 2009-present the Fed and the federal government allowed real estate investment companies to buy millions of distressed single family homes. At one point the TARP money was going to the "too big to fail" banks/investments institutions to clear their bad debt and they in turn were taking ZIRP money in the front door and lending it to "real estate investment companies" out the back door, some which were subsidiaries of the distressed banks/investment institutions and buying distressed properties at a 50% discount. Not only did the "too big to fail" avoid mark to market accounting principles they got to clear their bad debt at the expense of street level Americans, through TARP/ZIRP/QE/cheap money.
Too late, the Financial Meltdown of 2008-2010 ushered in the framework for the Lords of easy Money with TARP/ZIRP/QE......genie is out of the bottle.
During the time period from 2009-present the Fed and the federal government allowed real estate investment companies to buy millions of distressed single family homes. At one point the TARP money was going to the "too big to fail" banks/investments institutions to clear their bad debt and they in turn were taking ZIRP money in the front door and lending it to "real estate investment companies" out the back door, some which were subsidiaries of the distressed banks/investment institutions and buying distressed properties at a 50% discount. Not only did the "too big to fail" avoid mark to market accounting principles they got to clear their bad debt at the expense of street level Americans, through TARP/ZIRP/QE/cheap money.
This post was edited on 5/20/24 at 4:16 pm
Posted on 5/20/24 at 5:20 pm to Bass Tiger
China is a big investor in US real estate,using 3rd party fronts doing the buying.
Posted on 5/20/24 at 6:08 pm to Big Scrub TX
You do know that there are existing homes already don't you or are you that STUPID? Never mind I already know the answer on this.
If YOU only believe there is 1 builder doing anything....then I can't FIX STUPID.
Google it if you really want to know....
you know what. Let me do the work for you.
PER Home Builders Association of Greater KC
Single Family Building Units
2024 thru march - 1,036
2023 Full Year - 3947
2022 Full Year - 4885
Multi Family Units thru March 2024 - 269
way more than the 250 units you mouthed off at. Damn you are one dumb SOB.
If YOU only believe there is 1 builder doing anything....then I can't FIX STUPID.
Google it if you really want to know....
you know what. Let me do the work for you.
PER Home Builders Association of Greater KC
Single Family Building Units
2024 thru march - 1,036
2023 Full Year - 3947
2022 Full Year - 4885
Multi Family Units thru March 2024 - 269
way more than the 250 units you mouthed off at. Damn you are one dumb SOB.
This post was edited on 5/20/24 at 6:23 pm
Posted on 5/20/24 at 6:28 pm to MadQfrog
There could be antitrust suits by DOJ if they weren’t on the same team as Big Business
I think if it were regulated you’d probably have to do it with some kind of securities statute.
This may be another way state governments could be proactive
I think if it were regulated you’d probably have to do it with some kind of securities statute.
This may be another way state governments could be proactive
Posted on 5/20/24 at 6:42 pm to LSUnation78
quote:There's nothing wrong with buying your own home and someday moving out and buy another house, but rent your original home, and then after a while, do the same. But corporations thwarting potential private-party home buyers from having a chance to buy a home is ludicrous.
Homes and farm land.
Two things that should only be owned by an entity who can occupy/work them.
Posted on 5/20/24 at 6:56 pm to Big Scrub TX
quote:
Both of these examples perfectly demonstrate the negative impact that NIMBYism has on supply.
The alternative being "we don't need zoning boards, everybody do whatever"
Posted on 5/20/24 at 7:02 pm to SlowFlowPro
quote:beat me too it.
Don't bail them out when it goes belly up as the market shifts.
Without a bailout the will be forced to flood the market with no change in demand and those same consumers will be able to swing the pendulum the other way.
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