YoBuckStopsHereDemocrats Unveil Bill to Ban Hedge Funds From Owning Single-Family Homes Amid Housing Crisis
XanthraxWhat about banks, real-estate, and just random big companies?
akilouI thought the same. Is there data somewhere to suggest hedge funds specifically own more than the others?
I have no idea who down voted you. Let me see…
Hedge funds have been disproportionate buyers of single-family homes over the last few years.
Traditionally, real estate investment funds didn’t own single family homes to rent. Most companies with single family home exposure were builders.
There’s still a ton of other multi-family and apartment REITs out there, but I believe they’re not being targetting both because they’ve existed for a long while and also because usually a person looking for a family home doesn’t buy the entire apartment building.
pelespiritThere are companies that are crowd funding buying homes too, where the person is the investor and earns dividends on it. It’s getting insane.
Link to what? My friend works for one, lol.
Link for evidence. Your friends aren’t trustworthy since the coffee shop incident.
Isn’t that what a timeshare is? Those have been around forever
You don’t get dividends on a timeshare. You just get the right to (theoretically) vacation there.
Out in Silicon Valley people were pitching these all the time. They’re also popular with medical doctors from what I hear. I got pitched by a guy driving a top of the line Tesla Model S as an Uber driver years ago - he said he was driving for Uber just to meet potential investors.
Flying SquidSlightly OT, but recently (at a cannabis dispensary oddly enough), I overheard a guy in full hunting camo talk about how he day traded in the deer stand. The investor class is fucking weird.
Sucks when your deer blind’s wifi gets interference from the asshole in the other deer blind who doesn’t set his wifi channels correctly.
Banks usually own them only for the time they’re for sale after being seized from an owner that defaulted on their payment, no?
Directly, no. Indirectly, yes.
There’s always got to be loop holes so they can keep doing it while making it look like they did something
Baby steps