Invitation Homes. Blackrock.
Huge investment funds are buying single family homes and turning them into permanent rentals. Some may be fronting for China’s national investment fund. Anyway that is what has been outbidding individuals trying to buy homes. There’s probably no way that this will stop.
https://www.realtor.com/realestateandhomes-detail/2227-Branch-St_Middleton_WI_53562_M79820-31388
The house was built in 1958. It’s about 65 years old.
From realtor.com:
“Home price $595,000
Monthly payment $4,380
30-Year Fixed loan at 6.918%
Principal & Interest $3,141
Property tax $1,140
Home Insurance $99
Total due at close $142,800
Down payment (20%) $119,000
Estimated closing cost (4%) $23,800”
https://www.realtor.com/realestateandhomes-detail/2227-Branch-St_Middleton_WI_53562_M79820-31388
The house was built in 1958. It’s about 65 years old.
From realtor.com:
“Home price $595,000
Monthly payment $4,380
30-Year Fixed loan at 6.918%
Principal & Interest $3,141
Property tax $1,140
Home Insurance $99
Total due at close $142,800
Down payment (20%) $119,000
Estimated closing cost (4%) $23,800”
Blackrock is evil.