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There you have it. One major reason for these crazy housing prices.
Interesting at the end they mention these firms are part of the corporate cabal that is pushing more immigration at all costs.
Its kind of scary that investment companies are buying up single family homes in order to rent them out to people. Sounds like it is going to increasingly drive up prices and price many people out of ever owning their own home, especially in already expensive areas. I think it said that they already are buying a quarter of the homes being sold!
Having said that, I am not sure what can be done about it. Limiting excessive population growth might help.
Investor groups have been selling funds with real estate holdings that produce income. A fad in investing right now is the client/investors join a fund that uses rental income to give it's holders/members a percentage of the rent. Some of these funds are offering double digit monthly returns based on original investment/principal.
If I was in charge I'd break up all the large entities buying up residential single family real estate and pass laws preventing it. I'm not a pure free market no regulations capitalist.. you need to keep the power of corporations in check as you do the power of government. They are often both too big for their own good.
There you have it. One major reason for these crazy housing prices.
Interesting at the end they mention these firms are part of the corporate cabal that is pushing more immigration at all costs.
Another reason to just love mass immigration.
I disagree completely. Blackrock and other investment firms are all about the number - if it work they will buy if it doesn't they will move on to another house. They are not in the business of overpaying. They let other people do that. If I want to buy a house, there is no way Blackrock would want the house more than I do. For me it's personal, for them it's business.
People who are driving up housing prices are young couple with a baby on the way, parents with kids who need to get in to the right school district, etc. I know if I run up against any buyers in those category I will not be able to compete. They will come up with the money even if it means they have to sell blood or rob a bank.
If I was in charge I'd break up all the large entities buying up residential single family real estate and pass laws preventing it. I'm not a pure free market no regulations capitalist.. you need to keep the power of corporations in check as you do the power of government. They are often both too big for their own good.
There should be enough laws in place. If one company is dominating a local market in that market might they be violating somekind of anti-trust laws. Also if one knows a bank, firm or investor bought a house and you see obvious code violation turn them in. They can afford to fix it and don't want carrying costs to build up.
Investor groups have been selling funds with real estate holdings that produce income. A fad in investing right now is the client/investors join a fund that uses rental income to give it's holders/members a percentage of the rent. Some of these funds are offering double digit monthly returns based on original investment/principal.
Nothing says legit and sustainable like double digit monthly returns.
I disagree completely. Blackrock and other investment firms are all about the number - if it work they will buy if it doesn't they will move on to another house. They are not in the business of overpaying. They let other people do that. If I want to buy a house, there is no way Blackrock would want the house more than I do. For me it's personal, for them it's business.
People who are driving up housing prices are young couple with a baby on the way, parents with kids who need to get in to the right school district, etc. I know if I run up against any buyers in those category I will not be able to compete. They will come up with the money even if it means they have to sell blood or rob a bank.
.
Lol your opinion is actually funny it's so far out of reality.
Nothing says legit and sustainable like double digit monthly returns.
Some 'funds' were offering returns as high as 18% month, I've even heard 22%. There are a lot of etfs and mutual funds trying to mimic the samething off of apartment buildings. This might be what BlackRock is doing as well.
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