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Old Today, 09:00 AM
 
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Wall Street went into housing, bought up the bulk foreclosures, and commissioned builders to build new units for rentals

The new face of rental housing --- single-family-built-for-rent
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Old Today, 09:12 AM
 
Location: Raleigh
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Originally Posted by lchoro View Post
Wall Street went into housing, bought up the bulk foreclosures, and commissioned builders to build new units for rentals

The new face of rental housing --- single-family-built-for-rent
I'm not denying that there's a market for it, but anecdotally I don't see standalone rentals renting for enough premium to justify the added costs if one is building them for the purposes of income property.
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Old Today, 10:22 AM
 
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Originally Posted by JONOV View Post
I'm not denying that there's a market for it, but anecdotally I don't see standalone rentals renting for enough premium to justify the added costs if one is building them for the purposes of income property.
It's done in bulk and targeted at the lower to middle incomes. The largest company is Invitation Homes. They said that their average home is around 30 years but they're working on bringing it down.
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