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re: It's small investors buying homes, not "Wall Street".

Posted on 5/23/24 at 10:25 am to
Posted by BigCheese2001x
Member since Aug 2012
264 posts
Posted on 5/23/24 at 10:25 am to
This is completely misleading. What is not shown is the % of the homes that are owned by the big companies.

A good analogy would be if there were a handful of companies buying 60% -70% of the seats in Tiger Stadium but 90% of the buyers of seats were only purchasing 2-4 seats.

Then present the data as 90% of the buyers were only buying 2-4 seats.

This is part of the narrative to hide what is actually happening.
Posted by lenlews
NoMiss
Member since Apr 2011
647 posts
Posted on 5/23/24 at 10:38 am to
go to www.vinebrookhomes.com/
This post was edited on 5/23/24 at 10:40 am
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
1845 posts
Posted on 5/23/24 at 11:01 am to
Brooooo don't be bringing data and facts to the OT....let the BAWS COOK an parrot information that they heard from their buddy baw that blackrock is stealing all their homes!
Posted by NYNolaguy1
Member since May 2011
20979 posts
Posted on 5/23/24 at 11:03 am to
How many "small investors" are shell companies owned by Black Rock, Goldman, etc?
Posted by lsusa
Doing Missionary work for LSU
Member since Oct 2005
4748 posts
Posted on 5/23/24 at 11:05 am to
quote:

Love free market but really hate that housing has now become a speculation game when hard working people just want a modest roof over their head for themselves and their family.


There is a question of what exactly constitutes what people want when they think of a “free” market in the general sense.

I’d say that it’s when basic supply and demand control prices. When an actor tries to control the market and inflate prices, that’s not “free”. Obvious examples like milk, water and ice price gauging after a hurricane are easy to see.
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
1845 posts
Posted on 5/23/24 at 11:06 am to
quote:

Obvious examples like milk, water and ice price gauging after a hurricane are easy to see.


You have no idea what you're talking about.
Posted by MintBerry Crunch
Member since Nov 2010
4876 posts
Posted on 5/23/24 at 11:07 am to
Someone who owns 10 homes isn't a "small investor."

Also, are those broken up by subsidiary? It's really easy to make 15 different LLCs to hold 15 different homes. Would it show up as 15 people owning one home, or one conglomerate owning 15?

I'm a conservative, but I'm fricking grossed out by some of you simping for the megadonor class.
This post was edited on 5/23/24 at 11:08 am
Posted by sidewalkside
rent free in yo head
Member since Sep 2021
1845 posts
Posted on 5/23/24 at 11:08 am to
quote:

Someone who owns 10 homes isn't a "small investor."


How would you define a "small business" you'd probably be surprised to see how "big" a business can be and still be categorized as a small business
Posted by boxcarbarney
Above all things, be a man
Member since Jul 2007
22898 posts
Posted on 5/23/24 at 11:49 am to
I'm getting tired of the random text messages and phone calls asking me to sell my house.

Posted by Oilfieldbiology
Member since Nov 2016
37723 posts
Posted on 5/23/24 at 11:53 am to
quote:

This is completely misleading. What is not shown is the % of the homes that are owned by the big companies. A good analogy would be if there were a handful of companies buying 60% -70% of the seats in Tiger Stadium but 90% of the buyers of seats were only purchasing 2-4 seats. Then present the data as 90% of the buyers were only buying 2-4 seats.


The graph is share of single family homes purchased by investors grouped by # of homes owned. I think that’s exactly what you described wanting to see.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11298 posts
Posted on 5/23/24 at 11:57 am to
Who has the complimentary chart showing the total value and units of homes by each category?
Posted by chalmetteowl
Chalmette
Member since Jan 2008
48155 posts
Posted on 5/23/24 at 12:10 pm to
quote:

When an actor tries to control the market and inflate prices, that’s not “free”.


Is a market free if an actor is trying to artificially deflate prices?
Posted by billjamin
Houston
Member since Jun 2019
12894 posts
Posted on 5/23/24 at 12:21 pm to
quote:

How many "small investors" are shell companies owned by Black Rock, Goldman, etc?

They really can't do that. The cost to setup "small" companies is too high to have less than thousands of assets under management.

Now, if we're talking them providing warehouses or buying securities from small guys, thats almost certainly happening but thats no different than any regular mortgage program.
Posted by MrJimBeam
Member since Apr 2009
12452 posts
Posted on 5/23/24 at 1:03 pm to
Get that shite from time to time. Extremely annoying.
Posted by CalcuttaTigah
Member since Jul 2009
774 posts
Posted on 5/23/24 at 1:50 pm to
This is not weighted for volume in each year.
Posted by SneezyBeltranIsHere
Member since Jul 2021
2565 posts
Posted on 5/23/24 at 2:52 pm to
quote:

But the fact that the small number of large companies ranks that high is alarming.



Why?

If the free market dictates that it is a good thing for these companies to buy single family homes, why is that alarming?

Why do so many people on this board freak out about free market capitalism?

Seriously, how many of you guys are losers making close to minimum wage? Rather than pushing a communist agenda, why not work harder & make more money?
Posted by billjamin
Houston
Member since Jun 2019
12894 posts
Posted on 5/23/24 at 3:09 pm to
quote:

Why do so many people on this board freak out about free market capitalism?

Most people don't know or like to acknowledge that this big players are making investments on behalf of their 401k, pension etc.
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