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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 4:20 pm to Big Scrub TX
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.
1
Posted on 4/29/24 at 4:22 pm to CatfishJohn
quote:So pick a market and give a denominator that you think isn't misleading.
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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