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Originally posted by sonatine View Post
THANKS JOE
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You’ve heard stories of yokels buying Airbnb investment units.
'Airbnb has secretive 'black box' team paying out $50 million a year to keep disaster stays out of press and gives staff blank checks to help rape victims and clean-up dismembered human remains'
https://www.dailymail.co.uk/news/art...ttlements.html
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its weird how i was JUST reading some posts about how corporate sponsored 'news' is devouring the media from the inside out and since then ive been absolutely flooded with one article after another about how home ownership is basically off the table for the next generation or three of buyers, and the cherry on top is, per your pfa post, california desperately trying to bootstrap home sales by pitching in on down payments.
seriously talk about telegraphing a play, something real fuckin big is about to happen im guessing.
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Originally posted by Sanlmar View PostWall Street is readying to deploy massive fresh capital into the single family rental market.
Outfits like Blackstone have been at this a while. American Nomes & Invitation Homes are two other players I recall. They are readying deals with builders like Lennar for single family new construction that will immediately be assigned to rental.
This whole phenomenon got rolling with Bernanke after the Housing crisis. A way to absorb or shore up the foreclosures etc. The mechanism was built and encouraged. Now we just have massive pools of money looking for good 8-11% return. The spread is too damn delicious. Bonds are getting issued and funds are being closed.
Massive pools of money looking for decent returns are exactly what sparked the pre 2008 run. Pension funds and the like needing returns. Well, here we are again folks. The world is awash in cash or has access to free funds.
Single family homes are going to be removed from the market in a big way. I think 10-12% is already rental and it’s about to get bigger. They aren’t especially picky when it comes to price paid.
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