quote:
It’s market dependent and a lot higher in some areas. But yeah, I doubt they have a big or any presence across 99% of the geographical area of the US.

The largest single owner in the US has 83K homes. Out of 82 million.

OUT OF 82 MILLION.

LINK

This post was edited on 4/29/24 at 3:29 pm

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Posted by stout

Smoking Crack with Hunter Biden

Member since Sep 2006

167644 posts

Posted on 4/29/24 at 3:58 pm to Big Scrub TX

quote:
The largest single owner in the US has 83K homes. Out of 82 million.

Your point is valid but it loses some merit when you start subtracting the 9% that are said to be considered vacant.

I never have dug into that 9% number much to see how true it is but that is what I have seen reported.

I know in my line of work, we have what we call "zombie" houses that we have had in our inventory to manage for banks. Some we carry for years vs the 18 months or so that we typically cycle through.

I am also not sure how many of those are AirBNB/STRs but I am sure it's a large number.

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Posted by CatfishJohn

Member since Jun 2020

13906 posts

Posted on 4/29/24 at 4:20 pm to Big Scrub TX

quote:
The largest single owner in the US has 83K homes. Out of 82 million.

OUT OF 82 MILLION.

The 82 million number really is misleading because these institutional investors aren't everywhere. They are not in most places.

But the places they are, they are very influential on supply/demand and market prices.

It's like saying there are only 987 Whataburgers in the US, but there are hundreds of thousands of cities/municipalities! Yet if you live in San Antonio you can't fart without someone at a Whataburger being able to smell it. Damnit, now I'm hungry.

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