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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 5:05 pm to Sterling Archer
Posted on 3/11/24 at 5:05 pm to Sterling Archer
So I’m just curious here, if a hedge fund buys a tract of land, develops it into homes, and rents those homes out we don’t like that? Who is losing here? No one made anyone sell the land?
Again, the percentage of people that are losing out on a home purchase to a large investor has to be extremely
Small. The people losing out are probably the mom and pop real estate investors that own 5-10 homes or whatever.
Ultimately real estate is about location and in single family residences it’s extremely difficult to price in location in regards to what the residential buyer will pay compared to a renter. The buyer will almost always win which means an investor can’t afford to purchase where buying is in high demand.
ETA: as said every single person blaming this on democrats wants a democratic/ anti capitalistic solution.
Again, the percentage of people that are losing out on a home purchase to a large investor has to be extremely
Small. The people losing out are probably the mom and pop real estate investors that own 5-10 homes or whatever.
Ultimately real estate is about location and in single family residences it’s extremely difficult to price in location in regards to what the residential buyer will pay compared to a renter. The buyer will almost always win which means an investor can’t afford to purchase where buying is in high demand.
ETA: as said every single person blaming this on democrats wants a democratic/ anti capitalistic solution.
This post was edited on 3/11/24 at 5:07 pm
2
Posted on 3/11/24 at 5:15 pm to baldona
quote:
Again, the percentage of people that are losing out on a home purchase to a large investor has to be extremely Small. The people losing out are probably the mom and pop real estate investors that own 5-10 homes or whatever.
Welp there it is. Baldona says only a small percentage of individuals are losing out to investors.
Posted on 3/11/24 at 5:23 pm to baldona
You and your quasi-free market solutions. Pshaw! 
19k homes in Atlanta is nearly inconsequential. Is a home or a condo? A single family home? 2BR condos near the split are listing for $300k. 600 square feet for $200k? That's a choice, so you have expendable income for bondage parties ITP.
Chinese, at least, have been buying single family homes in Houston for at least 15 years. Ex MIL sold her house to a Chinese investor around 2012? to a lady that couldn't be found for weeks, because she (the "investor") was apparently gambling somewhere. All cash, I think just short of $500k.
But let's ignore interest rates and the impact of FedGov policies on how much a loan costs. And how it got suddenly worse in late 2020, and continued to get worse.
19k homes in Atlanta is nearly inconsequential. Is a home or a condo? A single family home? 2BR condos near the split are listing for $300k. 600 square feet for $200k? That's a choice, so you have expendable income for bondage parties ITP.
Chinese, at least, have been buying single family homes in Houston for at least 15 years. Ex MIL sold her house to a Chinese investor around 2012? to a lady that couldn't be found for weeks, because she (the "investor") was apparently gambling somewhere. All cash, I think just short of $500k.
But let's ignore interest rates and the impact of FedGov policies on how much a loan costs. And how it got suddenly worse in late 2020, and continued to get worse.
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