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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

Posted on 4/29/24 at 11:23 am to
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167644 posts
Posted on 4/29/24 at 11:23 am to
quote:

As stout said, an institutional buyer will go to someone like DSDL and offer to buy 5,10, 25 or whatever homes at a price. Those aren’t hitting the market.



Those homes would eventually hit the market if firms weren't buying them before they are finished
Posted by baldona
Florida
Member since Feb 2016
20573 posts
Posted on 4/29/24 at 11:28 am to
quote:

Those homes would eventually hit the market if firms weren't buying them before they are finished


Prove it? You don’t know that. Maybe they built extra homes, maybe they sell to individual landlords, maybe something else.

The point here is that institutional ownership is preventing someone from renting, from buying a home.

So, let’s stay on topic.
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