Lindaland
  Global Unity 2.0
  Single Family Rental aka The Great Reset

Post New Topic  Post A Reply
profile | register | preferences | faq

UBBFriend: Email This Page to Someone! next newest topic | next oldest topic
Author Topic:   Single Family Rental aka The Great Reset
shura
Knowflake

Posts: 3065
From: kamaloka
Registered: Jun 2009

posted June 09, 2021 11:07 AM     Click Here to See the Profile for shura     Edit/Delete Message   Reply w/Quote
What's this all about?
http://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-m ight-be-a-pension-fund-11617544801

A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market.

D.R. Horton Inc. DHI -1.56% built 124 houses in Conroe, Texas, rented them out and then put the whole community, Amber Pines at Fosters Ridge, on the block. A Who’s Who of investors and home-rental firms flocked to the December sale. The winning $32 million bid came from an online property-investing platform, Fundrise LLC, which manages more than $1 billion on behalf of about 150,000 individuals.

The country’s most prolific home builder booked roughly twice what it typically makes selling houses to the middle class—an encouraging debut in the business of selling entire neighborhoods to investors.

http://www.wsj.com/articles/meet-your-new-landlord-wall-street-1500647417?mod=arti cle_inline

SPRING HILL, Tenn.—When real-estate agent Don Nugent listed a three-bedroom, two-bath house here on Jo Ann Drive, offers came immediately, including a $208,000 one from a couple with a young child looking for their first home.

A competing bid was too attractive to pass up. American Homes 4 Rent, AMH 0.16% a public company that had been scooping up homes in the neighborhood, offered the same amount—but all cash, no inspection required.

Twelve hours after the house went on the market in April, the Agoura Hills, Calif.-based real-estate investment trust signed a contract. About a month later, it put the house back on the market, this time for rent, for $1,575 a month.

A new breed of homeowners has arrived in this middle-class suburb of Nashville and in many other communities around the country: big investment firms in the business of offering single-family homes for rent. Their appearance has shaken up sales and rental markets and, in some neighborhoods, sparked rent increases.
http://nypost.com/2020/07/18/corporations-are-buying-houses-robbing-familie s-of-american-dream/amp/

On a large scale, the trend of corporations buying up homes and renting them out could have a drastic long-term effect on the ability of many families to own a piece of the American Dream.

“Many Americans save money only unintentionally, when they make their mortgage payments each month and accrue equity in their homes,” Dezember writes.

“If homeownership falls out of fashion for even a generation, there could be dire economic consequences unless renters become diligent savers and prudent investors. If that happened on a grand scale, it would be as momentous a shift in American behavior as abandoning homeownership en masse.”


IP: Logged

Belage
Knowflake

Posts: 4415
From: USA
Registered: Apr 2009

posted June 10, 2021 11:56 AM     Click Here to See the Profile for Belage     Edit/Delete Message   Reply w/Quote
That's not good news for the average home buyer. I am all for capitalism but there ought to be laws against this trend.

IP: Logged

All times are Eastern Standard Time

next newest topic | next oldest topic

Administrative Options: Close Topic | Archive/Move | Delete Topic
Post New Topic  Post A Reply
Hop to:

Contact Us | Linda-Goodman.com

Copyright 2000-2021

Powered by Infopop www.infopop.com © 2000
Ultimate Bulletin Board 5.46a