Over 67 communities so far. Disposable income = wages (taxes + the cost of living) Seems very shadow based. The buyer, had an owner occupied loan, went on to rip off any departing tenant for 100% of deposits by falsely claiming that they didnt transfer in the sale. Its a shame people dont value learning the truth as much as they value having their biases confirmed by someone in a perceived position of authority. Then 2. The opening tweet in the thread stated that Blackrock was purchasing every single-family house that it could locate for significantly above asking prices. As long as the M & M supply is not disturbed, I will be OK. Snickers bars tend to pull my dentures out when chewing. Again, never thought Id agree with someone called Raging Texan but I do. Enquiring minds want to know, thanks. I have no clue what you wrote. 10) If JP send rates higher tomorrow to fight inflation, the RE market will instantly collapse along with a GDP bust like never before. But In some cities I bet there was still just huge shortages, and people fleeing due to the ridiculous housing prices. 3) John Sobrato, 80Y, Ca, $6.7B, The Sobrato co. A tweet has begun an outrage cycle by blaming BlackRock for big Wall Street investments in US homes. Making residential mortgages to be 15 years would only force most people into the renter class. No, Blackstone Didn't "Buy 17,000 Houses" out from under Desperate 1.) Not really fun for anyone, and if we still had any rental properties, would be selling them ASAP, even if RE mkt is down from recent peak. Yet vacancy is showing 1% and landlords such as SMU REIT are seeing all the gains. I read it all. Built-to-rent has become a red-hot segment for homebuilders; a lot of money is flowing into these purpose-built rental properties. This consolidation is becoming pervasive. These mega landlords also create subsidiaries to provide services for the homes they own, like pool and gardening services. The meme is that PE firm Blackstone Group bought 17,000 houses for $6 billion, outbidding regular people, and thereby making it impossible for regular people to buy those houses amid a red-hot housing market. Most folks dont know how many of these foreclosed homes were in REO portfolios and sold off to investors. If Im the so called BS spreaderwhere do I collect my award? Japan This is not new, and will accelerate in many areas currently controlled by socialist leaning, or now outright declared socialist politicians, which is also accelerating. It makes sense.
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