Investors bought a record number of homes during the pandemic. Some nonprofits are trying to beat them to the sale.Tap story
The Milwaukee fund is part of an emerging strategy among housing groups aiming to keep investors from buying lower-cost homes by beating them to the deal.Investment firms and other investors bought a record number of homes during the Covid-19 pandemic. In the first quarter of 2022, investors accounted for more than one in five home purchases nationally. Many of those investors converted homes into rentals.
While there are many nonprofits nationwide that renovate homes or offer homeownership programs, the emphasis on getting ahead of investors is a budding trend.
System is simply fucked for everyone on bottom, getting waaay more fucked by the year, guess we don’t really have a say in that do we
There should be a municipal property tax differential for a primary residences, investment properties for small investors (couples, or families looking to real estate for investment) and corporate investors.
We must build more housing. No zoning Houston is one example of how to do that.
How about only allowing PEOPLE to buy homes?
Renting out a house after someone who can’t afford to buy one is a great idea !
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