I think you're going to find HN to be against most rent seeking forms of "investment". There's a lot of hate on landlords, for both good and bad reasons. HN isn't on the friendlier side of the spectrum.
I also got that impression, but was curious to know why. PE firms like Blackstone or large corps exclusively buying up 1000s of SFHs I understand. But why would HN take issue with small mom & pop investors?
HN may take issue with investors, whether large corporations or small mom & pop investors, buying up single-family homes (SFHs) for a few reasons.
investors have the financial resources to buy up properties in bulk and pay cash, which can drive up prices in already expensive housing markets. This can lead to a decrease in affordable rental properties and can make it more challenging for first-time homebuyers to enter the market.
some investors may use SFHs as short-term rental properties, such as Airbnb, which can disrupt the long-term rental market and further exacerbate the affordable housing crisis.
there is a concern that some investors may not have the resources to maintain their properties properly, leading to the deterioration of the homes and the neighborhoods they are in. This can lead to blight and a decrease in property values, which can negatively impact the entire community.
While it is true that interest rates play a significant role in the housing market, investors leveraging properties and investing in short-term rentals can lead to market distortions that exacerbate the housing affordability crisis.
it's not necessarily small mom & pop investors that HN takes issue with, but rather the larger trend of investors buying up SFHs without proper consideration for the broader impact on the community and the housing market.
ginkoutest|3 years ago
pettycashstash2|3 years ago
investors have the financial resources to buy up properties in bulk and pay cash, which can drive up prices in already expensive housing markets. This can lead to a decrease in affordable rental properties and can make it more challenging for first-time homebuyers to enter the market.
some investors may use SFHs as short-term rental properties, such as Airbnb, which can disrupt the long-term rental market and further exacerbate the affordable housing crisis.
there is a concern that some investors may not have the resources to maintain their properties properly, leading to the deterioration of the homes and the neighborhoods they are in. This can lead to blight and a decrease in property values, which can negatively impact the entire community.
While it is true that interest rates play a significant role in the housing market, investors leveraging properties and investing in short-term rentals can lead to market distortions that exacerbate the housing affordability crisis.
it's not necessarily small mom & pop investors that HN takes issue with, but rather the larger trend of investors buying up SFHs without proper consideration for the broader impact on the community and the housing market.