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Old 01-04-2019, 09:36 AM
Status: "43 restaurants within 6 blocks of my house" (set 20 days ago)
 
Location: The Berk in Denver, CO USA
13,442 posts, read 19,187,335 times
Reputation: 21219

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"Wall Street’s Big Landlords Are So Hungry for Houses They’re Building Them"
https://www.wsj.com/articles/wall-st...em-11546511401

Anecdotally interesting. I am not so sure that it is statistically interesting.

"A shortage of houses in the entry-level price range where first-time buyers and big rental-home companies both shop is prompting some institutional landlords to start building new ones themselves.
...
By building houses, American Homes avoids sales commissions and renovation costs. It can outfit homes with its preferred fixtures and finishes at the onset, and charge higher rents than it can fetch for its older homes, Mr. Singelyn said.
“You’re also going to have a brand new asset that has much lower maintenance costs over probably the first 10 years,” he said.
..."
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Old Yesterday, 04:02 AM
 
8,597 posts, read 7,586,655 times
Reputation: 18660
This is nothing new. I was an investment real estate broker from 1972 until I finally retired. I have had small subdivisions built with all the homes sold to investors in the mid 70s as a start.
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Old Today, 04:59 AM
 
Location: California
29,877 posts, read 32,396,177 times
Reputation: 25194
I haven't heard of this but I know many rental houses in my area are being remodeled and enlarged by the owners. The owner of the place behind me bought it in the 70's and has rented it out for 20 years. He just told me he's having plans drawn up to add 800 sq ft by using some of the equity, then he'll not only have a big beautiful house but also big beautiful rental income to go along with it. The house won't be out of place either, it's the smallest model in the neighborhood and every penny spent will be future money earned.
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