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WTF: Investment Companies Snapping Up Single-Family Homes

 
GemKline
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06/13/2021 10:37 PM

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WTF: Investment Companies Snapping Up Single-Family Homes
ICYMI: If You Sell a House These Days, the Buyer Might Be a Pension Fund
Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices


My theory is these companies are snatching up single family homes to house or sell to illegals. The left’s desire to eradicate the middle class is strong. As the article states, some of the houses are going for over 100k of asking price. At this rate, we can kiss our middle class to upper middle class suburbs goodbye.

[link to www.wsj.com (secure)]
Remedial_Rebel

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06/13/2021 11:27 PM

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Re: WTF: Investment Companies Snapping Up Single-Family Homes
I'm north of Tampa. My development was built in the 1970s.

Houses are selling at 75% more their value from a year ago. $150k in 06/2020 just sold for $260k.

I'm getting 3-4 mailings a week to buy my house.

Crazy.

Where does this lead to?
Don Draper from Nantucket

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06/13/2021 11:30 PM

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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Part of the great reset.

We are to become a renter nation.

The plebs will own nothing, and be happy about it!
PLATA BITCHEZZZZZZ

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The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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06/13/2021 11:32 PM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
I'm north of Tampa. My development was built in the 1970s.

Houses are selling at 75% more their value from a year ago. $150k in 06/2020 just sold for $260k.

I'm getting 3-4 mailings a week to buy my house.

Crazy.

Where does this lead to?
 Quoting: Remedial_Rebel


It leads you into a cubicle apartment in a dystopian "smart city" where you will own nothing and like it.
Don Draper from Nantucket

User ID: 57553864
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06/13/2021 11:32 PM

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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Something I posted a few days back...

Thread: "This Is Wealth Redistribution": Blackrock And Other Institutional Investors Buying Entire Neighborhoods At Huge Premiums
PLATA BITCHEZZZZZZ

UPGRADE UNAVAILABLE

The Rolling Stones said it best...

"What's confusing you is the nature of my game"
Anonymous Coward
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06/13/2021 11:54 PM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
They expect to sell at an even higher dollar amount within a couple years due to inflation.

If your home is worth 100 thousand and they buy it for 150 thousand. They will sale it in a year for 200 to 250 thousand.

Its inflation.

Same thing applies to cars, lumber, grains, resources, etc.

Buy it while its cheap.

Inflationary and then a deflationary depression is taking place in America.
Anonymous Coward
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06/13/2021 11:57 PM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
They aren't calculating the risk of a deflationary depression after the onset of the inflation.

These companies and funds will be bankrupt within a few years if deflation comes to fruition.

Then the government will end up holding all these neighborhoods and assets which is the long term goal.

Its a more nefarious form of communism developing.
Anonymous Coward
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06/13/2021 11:59 PM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Part of the great reset.

We are to become a renter nation.

The plebs will own nothing, and be happy about it!
 Quoting: Don Draper from Nantucket


that's not going to happen
Anonymous Coward
User ID: 77309002
United States
06/14/2021 12:02 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
I'm north of Tampa. My development was built in the 1970s.

Houses are selling at 75% more their value from a year ago. $150k in 06/2020 just sold for $260k.

I'm getting 3-4 mailings a week to buy my house.

Crazy.

Where does this lead to?
 Quoting: Remedial_Rebel


It's nuts I'm far east side of Jacksonville.. bought our house 2 years ago for 300k and folks offering 400k

Rentals are even worse.
Anonymous Coward
User ID: 78349802
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06/14/2021 12:30 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
I'm north of Tampa. My development was built in the 1970s.

Houses are selling at 75% more their value from a year ago. $150k in 06/2020 just sold for $260k.

I'm getting 3-4 mailings a week to buy my house.

Crazy.

Where does this lead to?
 Quoting: Remedial_Rebel


It leads you into a cubicle apartment in a dystopian "smart city" where you will own nothing and like it.
 Quoting: Anonymous Coward 75222440


If that poster owns it then they can't put them out if they don't sell.
~Jazz~Moderator
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06/14/2021 12:33 AM

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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Part of the great reset.

We are to become a renter nation.

The plebs will own nothing, and be happy about it!
 Quoting: Don Draper from Nantucket


Yep. I read somewhere that alot of the 'investors' were from China too.
To know where your heart is, look where your mind goes when it wanders.

A rock in bad hands killed Abel. A rock in good hands killed Goliath. It isn't about the rock.

A true warrior fights not because he hates the one in front of him, but because he loves those behind him.

INTP-A
Anonymous Coward
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06/14/2021 12:37 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
They will all be bulldozed by the UN.
You will have a 20' stack'N'pack apartment.
TrustNoOneKS

User ID: 80437368
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06/14/2021 12:38 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
My theory is they are being turned into rentals.
I Want To Believe
Anonymous Coward
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06/14/2021 12:39 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Housing market to the moon.
StayCurious

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06/14/2021 12:39 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Housing demand is dead. It's going to collapse soon. Any of these companies who bought up homes in California are going to regret it. People are just going to leave the state.

Anonymous Coward
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06/14/2021 12:39 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
You love to see it.
Anonymous Coward
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Poland
06/14/2021 12:39 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
BlackRock
Anonymous Coward
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Poland
06/14/2021 12:41 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
BlackCube
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Poland
06/14/2021 12:41 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
SATURN
Anonymous Coward
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06/14/2021 12:41 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
How many of those "investment companies" are Chinese firms who got PPP stimulus? Another economic weapon against Americans?
StayCurious

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06/14/2021 12:44 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
The pension collapse is inevitable, and assuming you can find someone to rent your homes is a dangerous gamble. People are going to move in with their parents, friends, etc to save money. The pension collapse will be epic and it will result in hyperinflation.

Also, those idiots who bought overpriced homes in places like the west coast are going to lose their homes when everything else they buy costs 3x more.
Anonymous Coward
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06/14/2021 12:45 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Some people online are saying these people are "threatening them" to sell or else.
Anonymous Coward
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06/14/2021 12:45 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
I'm not saying that the fall out from this won't be worse, and I truly don't know what will end up happening.

In other threads on the matter, some comments compared this to 2008, but this is different. To have another repeat of 2008, you would need people who bought houses that they couldn't afford, liar loans, adjustable rates, and all that. None of that is going on, as far as I know.
Anonymous Coward
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06/14/2021 12:46 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Part of the great reset.

We are to become a renter nation.

The plebs will own nothing, and be happy about it!
 Quoting: Don Draper from Nantucket


Yep. I read somewhere that alot of the 'investors' were from China too.
 Quoting: ~Jazz~


Using Chinese firms with American money to kite houses to protect the assets of the "big guys" as they extricated themselves, while simultaneously formulating an economic weapon that acted as a barrier to entry for many Americans who are now having their savings that they might have used if the market were grounded in reality vacuumed up with serious inflation?
Anonymous Coward
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06/14/2021 12:47 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
chutzpah
Anonymous Coward
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06/14/2021 12:47 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
Tucker Carlson's show on Fox was featuring a story about the suburbs and how the leftists want to destroy the suburbs by rezoning single family home neighborhoods differently so that apartments can be built.

While just about all nice suburbs have both homes and apartment buildings, and condos, etc., they are kept in good shape.

but if they make the apartments for Section 8 and ex cons, etc. there goes the neighborhood.
Anonymous Coward
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06/14/2021 12:48 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
This should be illegal.
Anonymous Coward
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06/14/2021 12:48 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
BlackCube
 Quoting: Anonymous Coward 78427011


Idol1
Anonymous Coward
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06/14/2021 12:48 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
They expect to sell at an even higher dollar amount within a couple years due to inflation.

If your home is worth 100 thousand and they buy it for 150 thousand. They will sale it in a year for 200 to 250 thousand.

Its inflation.

Same thing applies to cars, lumber, grains, resources, etc.

Buy it while its cheap.

Inflationary and then a deflationary depression is taking place in America.
 Quoting: Anonymous Coward 78811053


Banks buying back homes is like distributors buying back the building materials from retailers.

They're expecting home prices to go through the roof!

It's also another way to keep property taxes really high.

At some point there might have to be a property tax revolution.
Anonymous Coward
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06/14/2021 12:49 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
The pension collapse is inevitable, and assuming you can find someone to rent your homes is a dangerous gamble. People are going to move in with their parents, friends, etc to save money. The pension collapse will be epic and it will result in hyperinflation.

Also, those idiots who bought overpriced homes in places like the west coast are going to lose their homes when everything else they buy costs 3x more.
 Quoting: StayCurious


I think trust funds are buying too.

Spot on about how people will lose their homes on the west coast.
Anonymous Coward
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06/14/2021 12:50 AM
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Re: WTF: Investment Companies Snapping Up Single-Family Homes
This should be illegal.
 Quoting: Anonymous Coward 73401977


I said at the outset of this covid disaster that there should be a moratorium on any investment firm with sizable foreign assets purchasing real estate while the crisis was ensuing and Democrat and RINO governors were forcibly closing small businesses.





GLP