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Started By
Message
re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 11:28 am to stout
Posted on 4/29/24 at 11:28 am to stout
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.
1
Posted on 4/29/24 at 11:31 am to baldona
quote:
Prove it? You don’t know that.
I do know that. I can take you to a neighborhood about two miles from me that DSLD was already building. A firm named Kairos Living came in and bought two streets worth of houses that were already going to be built no matter what.
It happened with a 100 house development a few years ago in Houston and made national news. DSLD worked with the city to get it approved as SFH to be sold to individuals then once approved a hedge fund came in and prebought all 100 houses.
It happens all of the time.
This post was edited on 4/29/24 at 11:33 am
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