Posted on 03/21/2022 7:27:58 PM PDT by yesthatjallen
(Maybe their models assume home price appreciation, indefinitely. I'm skeptical of this happening, if the Fed raises interest rates because of inflation.)
If it's cheaper to buy something, buy it. If it's cheaper to rent something, rent it.
Until housing market crashes, which it will. Keep your powder dry.
If only there was a government program to make houses cheaper, with a slogan like “we make the American dream affordable” or something. Then housing would be inexpensive and we wouldn’t be having this conversation.
when she was asking about their increases in profits I was wondering how much her income increased from contract to contract. This is really nothing but more of 60 Minutes’ attack journalism, IMO.
This idea that mean corporations are ruining the housing market is lefty clatrap.
The idea that word “corporate” is bad comes straight out of anti-capitalist lefty playbooks.
Stop listening to idiots and creating boogie men. We have enough real ones! Those corporations are going to sell those houses just like everyone else. And they won’t hold them as long as the average homeowner.
*rolls eyes* renting is ALWAYS more expensive than owning, always has been always will be!
Because the landlords don’t OWN the homes, they have mortgages, and thus to make a profit they have to charge more than that + expenses.
So as the price of homes goes up, rents go up. Not the other way around.
As you said.
Maybe not.
You have several corporation with a great deal of money bidding on houses making sure that the price stays out of the reach of the average person.
And a lot of these corporations are outside of the US.
You would think that this would worry someone but apparently not.
libs do not want we plebes owning anything which affords independence—and conversely less dependance upon government—so they’ll do as little as possible to remedy the situation.
We’ll need a workaround for a while.
“It appears to me investment groups are buying homes and forcing up prices driving owners out of the market.“
Until the market reverses
In what part of Illinois do you live?
Do you watch/listen to Steve Bannon’s War Room Pandemic every day for 4 hours?
30 miles Southwest of Shitcago.
This needs to be stopped.
Invitation Homes, spun off by the massive Blackstone Group, is another listed company doing this.
https://www.invitationhomes.com/
There are others. Some are reputed to be fronting for a Chinese Communist Party investment fund.
So THAT’S who’s calling me all the time, wanting to buy my house!
I've been getting those calls too.
“Happened in 2008, as a consequences of Clinton regulating banks as well.”
There were eight years of Bush junior after Clinton. And for some of that Bush had a Republican Congress. Blaming Clinton is just passing the buck for Republican fecklessness.
“I’m scratching my head as to how they can possibly make this economical...”
From watching a few rental houses, it seems they’ve got a series of crews that are constantly going from one move-out to another - painting, carpeting, repairs, septic pumped, all cleaned up and ready for the next serf !
You are probably thinking of Blackstone
https://www.housingwire.com/articles/blackstone-gets-back-into-the-single-family-rental-game/
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