“This is why Black Rock is buying up all housing”
Black Rock and a few other huge investment funds figured out that computer programs and outsourcing of maintenance allows them to treat single family homes like apartments.
Anyone who thinks that hedge funds are buying up thousands of SFHs in order to flip them is guessing wrong.
MANY MANY very nice neighborhoods in CA. homes are becoming rentals for more than one migrant family moving into single family homes!! What were once beautiful neighborhoods are becoming TRASHED!! There are 5&6 cars for each home, cars are parked on the lawns, homes not kept up this is ALL THE PLAN!!