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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 3:18 pm to Dawgfanman
Posted on 4/29/24 at 3:18 pm to Dawgfanman
quote:
People drastically underestimate the costs of home ownership and that’s one of the reason so many refinance or get a second mortgage or HELOC, to pay all those expenses.
You are right. Paying someone else to handle all that for you is cheaper.
ETA: are you suggesting institutional investors are helping Americans by forcing them to rent and saving money? That institutional investors are going to lose money long term by owning these homes?
This post was edited on 4/29/24 at 3:26 pm
1
Posted on 4/29/24 at 3:35 pm to baldona
quote:
are you suggesting institutional investors are helping Americans by forcing them to rent and saving money? That institutional investors are going to lose money long term by owning these homes?
No. Institutional investors aren’t paying over a million dollars for a 425k home, a person with a 30 year mortgage will. Probably closer to 1.5 million with all the upkeep, remodels, taxes, insurance etc.
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