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

quote:

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There is a clear uptick in the homes being bought by institutional investors and it's growing.

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An uptick that would take like a hundred years to match the conspiratorial thoughts of many in this thread.

The US homeownership rate is remarkably stable over many decades, fluctuating from the low 60%s to as high as maybe 72% (2007 housing bubble). It's presently right in the middle of its long-term range. All of this nonsense about "you'll own nothing and like it" is just that - nonsense.

I'm curious to know what the board's hysterical response is to this:

Minneapolis - Avery Park

There's several of these going on around the country. Basically, major homebuilders are buying entire plats and then building out all of the units as single family to rent dwellings. Essentially, an entire neighborhood that is apartmentized houses.