WTF: Investment Companies Snapping Up Single-Family Homes

Really quite simple economics, isn't it?

When the economy is FLOODED with currency, that currency loses its value.

More cash means more spending, and equals INFLATION!!!!

Example: One sheet of 3/4 inch OSB plywood that sold for $25 a couple of years ago, sold for $65 a couple of weeks ago. Now, the price is $103.

That is a harbinger of HYPERINFLATION.

That is also an indicator that new homes will be much more expensive to build.

The best investment hedges against hyperinflation are "GOTTA HAVES". Everybody has "gotta have" food and shelter.

That translates to commodities and residential real estate.

no it's legal, thing is these Investment Companies have to same rules of jungle as the Independent Buyer. They must hold until they may there Investment Back....LOL...meanwhile, local governments get paid taxes, Insurance Companies make money, and Utilities make money...and so on and so on. Not a Smart Move or worth the risk, money must flow, this is a hole.

Here’s the scoop: the Federal Reserve hired Blackrock asset management company to prop up the economy during 2020. That is the money being used by Blackrock to purchase entire subdivisions in Texas and other market areas. Yes, they are paying over market value, because it’s fun money, they’re playing on house winnings now.

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

There is a federal prohibition against banks dealing in real estate. I guess that prohibition doesn’t extend to the bank for all banks?

[link to www.nar.realtor (secure)]

Contact your representatives today!

have you ever been to DC? already a smart city...

Just like in the film......


Investment Companies Snapping Up Single-Family Homes
Published June 13, 2021
Updated 10 hours ago

Tricon owns about 24,000 detached houses in 18 major U.S. cities.
Most are in warmer climates such as Orlando and Phoenix.

[link to www.theglobeandmail.com (secure)]

They are going to Gift these houses to minority families who live in projects now. Redistricting, the step up that the minorities need to have their fair share of the high tax dollar schools and every other social engineered idea they got. They just dont get how fast these things will be destroyed once the people who built them are moved out.

what goes up too fast just might come down hard

They're throwing low income section 8 into them for the guaranteed payments.

That's why I am sitting in my little home for a while. When I am ready to sell, I'll make $$$$$. I was told by an agent you don't even need to update it, just list it.

With the way it's going, I'll need every dollar I can get to buy a new one.

The monopolization of housing, by large corporations, is also going on. Part of what’s driving housing prices up is huge money-launderers, er- sorry; financial services companies, buying up whole communities at way over asking price, then renting the houses to serfs.

We really would be better off living in Medieval days, right?

This, 100%.

It's all about the coming inflation that large institutions know is coming, with the amount of gov spending taking place. They are hedging bets by purchasing and holding real estate, investing in improvements on the cheap, and then will re-sell them after the surge has really taken shape.

If you had the cash, you'd be doing it too. The fact that so many large companies with most of the wealth in the nation are doing it should tell you something about future state....

Let us never forget!
Please read the comments for this video>

Detroit Timeline

In about 3-4 months when the benefits end, jobs will be “scarce” and i’m sure we’ll see that a lot in the media, heading towards the end of the year. Everything is slowly getting more expensive. So people that wait to get a job, may not have one and be worse off than they are now. The food pantries may not be well stocked like they are now, and any welfare benefits may be reduced.

Gee, aren’t they supposed to seek out good investments and put money into them?
What are fund managers supposed to do if not invest wisely?

Everyone bitching about the free market these days, so pathetic.

If you can’t afford to buy a house, it is your fault for not making that the priority in your finances. If f you have ever bought a Starbucks coffee, you don’t get to complain.
Some of us have made real sacrifices to achieve our goal, and have no sympathy for whiners.

Government will pay them big to house the illegal homeless.

Same thing in Canada

In the Tampa ‘burbs, our home has gone up $125sqft, list price in under a year. People are literally stalking to buy a home in our neighborhood. (Master planned community w great schools) Everything is selling over list (avg 30k), many as-is, no inspections & majority within 48hrs of hitting market if they make it to listing.

Our area was already experiencing increased values & lots of transplants w new businesses announced before & during COVID, supply was tight when all this started, but there are definitely investment companies moving in & lots of out of state transplants who cashed out w high values where they were to come here.

Rental prices are insane w an example being a currently leased (2yr) 2BR in a downtown high rise, same rent gets you a studio in same building right now- won’t commit to Aug pricing.

and we won't even own a pot to piss in

don't sell your homes!

you'll own nothing and you'll be happy ?

We bought the empty lot next to our then new home in 2016. We get letters, emails and calls every single week for us to sell that land to a builder.

One guy actually had the nerve to walk up to me as I was watering our citrus trees and ask me why we wouldn't sell.....thankfully my husband was home :)
The guy didn't stay long after that

They will try to create chaos so it comes as no surprise

It's always AC's who make obscene comments like yours.

My daughter and her husband worked HARD and saved HARD to buy a home. Then COVID happened, they had a baby and house prices in our area started to SKY ROCKET. (Our home we bought for $260K in 2016 is now worth closer to 400K and probably more with people over-bidding). They have been living with her husband's father for a year to save even more and they now have to rent a WAAAAAAY overpriced apartment because they cannot afford ANY home in the area (they got a one bedroom, all that was available to them, with less than 800 sft for $1100 a month.)

You're not only a nasty little troll, but UGLY for stating what you did. REAL people are REALLY hurting for no fault of their own other than being an American during a major transition.

Every home an investment firm snaps up is a home that won't contribute to the benefit of a small business or a mom and pop remodel. That's all it is transfer of wealth being stifled.

If you don’t own it, you don’t respect it or care for it. Always been this way.

When I read about this issue, it reminds me of the first time I visited Poland in 1997. My then boyfriend's parents lived in this dull, dark, towering apartment building that was, of course, built during the communist years. TINY place with thin walls and his parents felt "lucky" because they were allotted a plot for a garden in the "community" land plot.

Then next time I saw apartments like this was when we moved to Chicago in 2000 and I saw the remnants of Cabrini Green (and other projects like it).

THIS is America's future if we all don't wake up and stop being "woke"

I know someone who bought their house 6 yrs ago for 219k selling now for 544k. They were using it as a rental.now they just doubled their money.

Before the large companies, it was private buyers wanting to create rentals, droves of them.

Real estate was already in high demand 2 years ago.

Wealth caps NOW

or we all become serfs

Yes. They're going to crash the housing market along with the economy. Then, the displaced will be forced into renting at exorbitant prices.

Here is the confirmation that the piper is about to demand payment.

Ding Ding Ding

They are going to put low-income urban and illegals in these homes out in the suburbs.

When you receive something for free you are not going to take care of it, so homes quickly fall into decay/disrepair.

Things like mowing the lawn, raking leaves, trimming hedges fall by the wayside.

You can always tell the difference between a home that is owned, rented or subsidized housing.

Property values plummet to the point where the original homeowners can't sell and can't move.

all planned by design