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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 3:35 pm to baldona
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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