The national average obscures that institutional investors own 1 in 9 rental homes in Charlotte, 1 in 10 in Tampa, and one-fifth of all houses in some Atlanta neighborhoods. It’s likely to get worse too.
Have you tried buying a home recently? It’s very tough to compete against the all-cash offers from investors.
In the past few years I’ve been involved in 7 real estate transactions in California, and haven’t seen a single “all cash offer from investors” on any of them.
I hear this rhetoric a lot, but it’s almost always from people who have never actually been involved in selling a home, or are shopping for a home way out of their price range and were going to get outbid anyway.
OK, well are the economics in those markets worse than similar markets with lower levels of PE ownership of homes? Is there a correlation there that we can see in the data? Because otherwise stats from a couple moderate sized cities doesn’t seem that relevant to the nation as a whole.
Owning 1 in 9 "rental" homes means they own less than 1% of all homes.
You could make an offer on 40+ houses and will likely never be in a 'bidding war' with a big PE firm or a company backed by one.
PE is a boogeyman used by politicians to obscure the uncomfortable fact that the problem is the policies they themselves have implemented in pretty much every community in the western world (making building new stuff defacto illegal).
postpawl|2 months ago
Have you tried buying a home recently? It’s very tough to compete against the all-cash offers from investors.
happyopossum|2 months ago
I hear this rhetoric a lot, but it’s almost always from people who have never actually been involved in selling a home, or are shopping for a home way out of their price range and were going to get outbid anyway.
senordevnyc|2 months ago
pembrook|2 months ago
You could make an offer on 40+ houses and will likely never be in a 'bidding war' with a big PE firm or a company backed by one.
PE is a boogeyman used by politicians to obscure the uncomfortable fact that the problem is the policies they themselves have implemented in pretty much every community in the western world (making building new stuff defacto illegal).
osiris970|2 months ago
taurath|2 months ago