like Austin, Texas, Phoenix, and Bozeman, Montana. Each of those places saw an influx of remote workers, robust population growth and unprecedented home price appreciation during the pandemic.various markets, including Austin and Phoenixwill likely see peak-to-trough home declines of more than 25%. As home prices decline, that could draw investors back into the market, per Cardone.
It's a likely scenario as institutional real-estate investors have earmarked as much as $110 billion to purchase or build single-family-rental homes in the coming years, according to anThe sum — which could add almost 400,000 homes to the existing inventory of roughly 700,000 single-family properties controlled by corporate landlords such as Pretium and Invitation Homes — is the largest ever amassed by US real estate investors.
They're called Cash Buyers in the business. Hedge funds, Billionaires and sociopaths that buy out residential real estate then rent them out at 'Market Rate prices' If they want to save the day build affordable residential housing.
In my experience in the early 1980s Canadian housing crash it was 'investors' who were the first to go.
or you could just not do that and allow housing to be a normal f***ing market so people born after 1985 can live somewhere decent
Haha he’s just gonna buy all the homes to rent them out…on loans having the renters pay for the mortgage further destroying the middle class. Or not giving families the opportunity for the real American dream of owning their homes. Greed will get you burned.
Save the day for who?