Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » Investors Rush To Buy Nearly 1 In 4 Homes
  1. Results 1 to 30 of 38
  2. Page 1 of 2
  3. 1
  4. 2
  6. Last

Thread: Investors Rush To Buy Nearly 1 In 4 Homes

post 1649087813 10-17-2021, 07:04 AM
-
#1
  1. DivineMasculine
  2. Registered User
  1. DivineMasculine
  2. Registered User
  3. Join Date: May 2021
  4. Age: 56
  5. Posts: 4,043
  6. Rep Power: 13952

Investors Rush To Buy Nearly 1 In 4 Homes

Large investors (those who retain 100 or more properties) are largely responsible for this rise.

Of all investor purchases made in June 2021, 20% were made by large investors. This is much higher than 11% in 2020 or 14% in 2019.

Small investors (those who retain between 3 and 10 properties), have declined slightly and now account for less than half of investor purchases at 46% in June.

Mid-sized investors (those who retain 11-99 properties) have stayed constant, oscillating around 35% percent in the past 30 months.

The pandemic seemed to drive away large investors, but they are now making up their largest share of investor purchases seen in the past decade.


Just lol at these millennials and Zoomers who thought their landlord was “evil”. Wait until Blackrock owns your apartment and see how friendly they are. I’m so glad I own a house.
The misc is full of a bunch of simp ****ots
post 1649087993 10-17-2021, 07:10 AM
-
#2
  1. nothingshocking
  1. nothingshocking
  3. Join Date: Jan 2017
  4. Location: Uranus, Gambia
  5. Posts: 36,362
  6. Subscribers: 5
  7. Rep Power: 949125
It's a hedge against inflation. My house is my biggest hedge against inflation atm, I'd buy another if I could go back 12 months.
post 1649088093 10-17-2021, 07:15 AM
-
#3
  1. DivineMasculine
  2. Registered User
  1. DivineMasculine
  2. Registered User
  3. Join Date: May 2021
  4. Age: 56
  5. Posts: 4,043
  6. Rep Power: 13952
Originally Posted By nothingshocking⏩
It's a hedge against inflation. My house is my biggest hedge against inflation atm, I'd buy another if I could go back 12 months.
Yup, I had 30k in equity before even moving in.

I’d like to buy, fix and then flip. After Covid it showed me that renting out is not the way to go anymore (in most locations).
The misc is full of a bunch of simp ****ots
post 1649088673 10-17-2021, 07:37 AM
-
#4
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
  3. Join Date: Feb 2019
  4. Posts: 34,554
  5. Subscribers: 5
  6. Rep Power: 283392
watch what happens when interest rates rise.
post 1649088783 10-17-2021, 07:40 AM
-
#5
  1. keyboardworkout
  2. ChatGPT4.5 Bot
  1. keyboardworkout
  2. ChatGPT4.5 Bot
  3. Join Date: Jul 2009
  4. Posts: 36,953
  5. Rep Power: 416934
Originally Posted By GordonXXX⏩
watch what happens when interest rates rise.
And inventory catches up with demand.

June was the peak here. Things have slowed down a bunch.
▪█─────█▪ Equipment Crew #53 ▪█─────█▪
^^^^^^^ 6' 6" and Over Crew ^^^^^^^
------------- No Vax Crew ----------------
post 1649088933 10-17-2021, 07:47 AM
-
#6
  1. BalkanPrince
  2. Registered User
  1. BalkanPrince
  2. Registered User
  3. Join Date: Nov 2011
  4. Location: United States
  5. Age: 35
  6. Posts: 8,063
  7. Rep Power: 36478
In 2021 it is absolutely essential to own some property for living. Be it a condo, townhouse, house, or apartment. It protects you from inflation and generally follows the rise in prices. Keeping your monthly expenses down is a big benefit. Saving cash in 2021 is idiotic being that fiat currency is being ripped to shreds by global politicians. The only reason to save would be short term so that you can buy assets with it. Save quick and invest quick is a strategy that worked for me. All in all, most Americans do not have the discipline to hold back from spending money on dumb ****.
post 1649089163 10-17-2021, 07:57 AM
-
#7
  1. GooBaaa
  1. GooBaaa
  3. Join Date: Sep 2011
  4. Location: Buffalo NY
  5. Posts: 58,771
  6. Subscribers: 5
  7. Rep Power: 435368
This is a country of renters

Damn shame
post 1649089183 10-17-2021, 07:58 AM
-
#8
  1. Cig Diesel
  2. BROBOT
  1. Cig Diesel
  2. BROBOT
  3. Join Date: Apr 2007
  4. Location: United States
  5. Posts: 3,883
  6. Rep Power: 90212
20% "Of all investor purchases". This title and article are a little disingenuous...I know institutional participation in the market is being sensationalized right now (omg blackrock!!!) but it's nothing new. I don't know if this is some kind of scare smear against capitalism or what. REITs have been doing this for some time.

-The majority of landlords/investment property owners are mom and pop investors (own a handful of rentals). I imagine there are less of them bucking to purchase property when there's a good chance their current tenants aren't paying rent and they have little to no recourse to evict them. Additionally a lot of these properties are leveraged, the small time investor is getting hammered--they've got notes on their primary as well the rentals. This segment is getting squeezed right now.

-Fund managers have a fiduciary responsibility to protect their investors money. If one asset is projected to increase in value (real estate) while the other (USD) is likely to decrease in value (also see inflation and impending rate hike)... wouldn't it make sense to park as much $ in real estate as you could?
post 1649089373 10-17-2021, 08:05 AM
-
#9
  1. chino3
  1. chino3
  3. Join Date: Oct 2012
  4. Posts: 18,554
  5. Rep Power: 134275
Originally Posted By GordonXXX⏩
watch what happens when interest rates rise.
We wills ee a plateau in prices, instead of non stop increasing.
Originally Posted By keyboardworkout⏩
And inventory catches up with demand..
LOL, we are so incredibly far away from being able to catch up to demand. Also, did you already forget the main topic of this thread? Investors keep buying...
Originally Posted By keyboardworkout⏩
June was the peak here. Things have slowed down a bunch.
June is peak EVERY year... Seasonality is a real thing in real estate...
"It won't get better, just different."
post 1649089463 10-17-2021, 08:07 AM
-
#10
  1. BullittEV
  2. Registered User
  1. BullittEV
  2. Registered User
  3. Join Date: Nov 2012
  4. Location: San Diego, California, United States
  5. Age: 40
  6. Posts: 27,652
  7. Rep Power: 261167
Originally Posted By BalkanPrince⏩
In 2021 it is absolutely essential to own some property for living. Be it a condo, townhouse, house, or apartment. It protects you from inflation and generally follows the rise in prices. Keeping your monthly expenses down is a big benefit. Saving cash in 2021 is idiotic being that fiat currency is being ripped to shreds by global politicians. The only reason to save would be short term so that you can buy assets with it. Save quick and invest quick is a strategy that worked for me. All in all, most Americans do not have the discipline to hold back from spending money on dumb ****.
Well said
USMC 0311
*Ice Hockey/Lacrosse Crew*
*fukkin zeezbrah when pickin up chicks but do one thing to fuk it up/cant sustain after that night crew*
*C7 GS Vette Crew*
post 1649090113 10-17-2021, 08:30 AM
-
#11
  1. EDcellent
  2. You too
  1. EDcellent
  2. You too
  3. Join Date: May 2009
  4. Location: Connecticut, United States
  5. Posts: 14,086
  6. Rep Power: 140306
I recently moved to another state, but hoping to buy something next year after my lease is up on my apt.
post 1649090903 10-17-2021, 08:54 AM
-
#12
  1. cavillac
  2. Registered User
  1. cavillac
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Eliot, Maine, United States
  5. Posts: 3,335
  6. Rep Power: 20401
Originally Posted By GordonXXX⏩
watch what happens when interest rates rise.
Srs question, if the rates go up will the government be able to pay the interest on debt?
Live & Direct from rural Iowa- GBR
post 1649091273 10-17-2021, 09:01 AM
-
#13
  1. katya422
  1. katya422
  3. Join Date: Dec 2011
  4. Location: United States
  5. Posts: 34,673
  6. Rep Power: 372543
Originally Posted By Cig
20% "Of all investor purchases". This title and article are a little disingenuous...I know institutional participation in the market is being sensationalized right now (omg blackrock!!!) but it's nothing new.I don't know if this is some kind of scare smear against capitalism or what. REITs have been doing this for some time.

-The majority of landlords/investment property owners are mom and pop investors (own a handful of rentals). I imagine there are less of them bucking to purchase property when there's a good chance their current tenants aren't paying rent and they have little to no recourse to evict them. Additionally a lot of these properties are leveraged,the small time investor is getting hammered--they've got notes on their primary as well the rentals. This segment is getting squeezed right now.

-Fund managers have a fiduciary responsibility to protect their investors money. If one asset is projected to increase in value (real estate) while the other (USD) is likely to decrease in value (also see inflation and impending rate hike)... wouldn't it make sense to park as much $ in real estate as you could?
I don't think it is a smear against big investors. It's a signal [if you needed another] about confidence in other investments and also helps explain the high number of all cash/offer above asking price environment that individuals who are seeking to buy a home to live in are experiencing.

I read an article about some of the big REITs being very lousy landlords, but I don't really want to dig for it right now.

As far as small investors buying less- the market is bubbly and small investors are competing against these big cash rich buyers just like owner/occupants are.

My last rental was from small investors and they were smart people [based on their professions] who paid a low price for the condo I was renting + did careful screening pf tenants + had a contract that placed a lot of responsibility on the tenant. Per their contract I was responsible for the first $100 in repairs [IIRC]. They noped out of stuff like clogged plumbing. I didn't care as I've mostly lived as a homeowner and "do my own stunts" as it were. I had to break my lease, but I gave notice and made every payment on time. Also left the place better than I found it. They actually asked me if I wanted to move back [to MI] before the put the condo back up for rent.
INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1649091333 10-17-2021, 09:03 AM
-
#14
  1. Polaris
  1. Polaris
  3. Join Date: Feb 2003
  4. Posts: 63,700
  5. Rep Power: 567256
Originally Posted By cavillac⏩
Srs question, if the rates go up will the government be able to pay the interest on debt?
Do those in charge even care about that at this point? It sure as Hell doesn't seem like it.
post 1649091463 10-17-2021, 09:08 AM
-
#15
  1. VSVP99
  2. Registered User
  1. VSVP99
  2. Registered User
  3. Join Date: Dec 2012
  4. Location: Canada
  5. Posts: 3,551
  6. Rep Power: 24463
Anyone think this is in preparation for hyper inflation? Getting out of cash and stocks, putting the money into physical goods and real estate.

The physical assests will retain a nominal value while everything else becomes worthless? If I'm reading it right?
post 1649091563 10-17-2021, 09:11 AM
-
#16
  1. lockdev
  1. lockdev
  3. Join Date: Nov 2012
  4. Posts: 15,303
  5. Rep Power: 135360
Originally Posted By GordonXXX⏩
watch what happens when interest rates rise.
Unfortunately can't happen, brah.

We're in a death spiral.

Can't raise rates because you'll cause the government to default.

Failure to raise rates will keep devaluing the dollar and cause further asset inflation.

The Fed is basically just milking the wealth of the middle class, a la Weimar Republic, in order to keep kicking the can down the road. Investors are playing the game they're in, and buying up properties at a real negative interest rate.

Nobody wants to be in cash right now, and I doubt anyone will want to be for at least 10 years.
Originally Posted By keyboardworkout⏩
And inventory catches up with demand.
This is what will cause prices to stabilize, and possible dip a bit.

In real terms, yes, prices are going to drop, but in price terms, I don't think we'll see it.

The Fed has gotten really good at stabilizing prices by robbing the middle class. See: Post-Covid QE Fest 2020.
Misc Entrepreneur Crew
post 1649091653 10-17-2021, 09:13 AM
-
#17
  1. katya422
  1. katya422
  3. Join Date: Dec 2011
  4. Location: United States
  5. Posts: 34,673
  6. Rep Power: 372543
Originally Posted By Polaris⏩
Do those in charge even care about that at this point? It sure as Hell doesn't seem like it.
I decided they give no f*cks during Bush Jr.'s administration. Congress passed stuff that was stupid and just made no damn sense. Then Obama came in and didn't even make a token effort to pass single payer and instead saddled us with a tax penalty for not purchasing a service from for profit companies [health insurers].

Rotten throughout.
Nancy Patricia Pelosi (/pəˈloʊsi/; née D'Alesandro; born March 26, 1940) is an American politician serving as speaker of the United States House of Representatives since 2019, and previously from 2007 to 2011. She has served as a U.S. representative from California since 1987.
Addison Mitchell McConnell III[2] (born February 20, 1942) is an American politician and retired attorney serving as Senate Minority Leader since 2021 and as the senior United States senator from Kentucky, a seat he has held since 1985.
^^^
They have both been in Congress since the Reagan administration.

How is this okay?
Originally Posted By VSVP99⏩
Anyone think this is in preparation for hyper inflation? Getting out of cash and stocks, putting the money into physical goods and real estate.

The physical assests will retain a nominal value while everything else becomes worthless? If I'm reading it right?
That is how it looks to me. Also see wealthy people purchasing farmland. Because they know that even if the funny money goes to *ZERO* value that other humans like to eat and sleep indoors.
INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1649091813 10-17-2021, 09:19 AM
-
#18
  1. cavillac
  2. Registered User
  1. cavillac
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Eliot, Maine, United States
  5. Posts: 3,335
  6. Rep Power: 20401
Originally Posted By Polaris⏩
Do those in charge even care about that at this point? It sure as Hell doesn't seem like it.
I totally agree but there is going to be a point where they cant make the math make sense right? How do they cover it up, does the US end up with hyperinflation while the government acts like they had no part in causing it? Sounds very plausible
Live & Direct from rural Iowa- GBR
post 1649091953 10-17-2021, 09:22 AM
-
#19
  1. MetroBrah
  1. MetroBrah
  3. Join Date: Mar 2010
  4. Posts: 60,355
  5. Subscribers: 3
  6. Rep Power: 490957
Based

Cash is trash
post 1649092233 10-17-2021, 09:29 AM
-
#20
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
  3. Join Date: Feb 2019
  4. Posts: 34,554
  5. Subscribers: 5
  6. Rep Power: 283392
The four most dangerous words in investing are “this time it's different”.

"Reversion to the Mean" - Learn it, live it, love it.
post 1649092853 10-17-2021, 09:40 AM
-
#21
  1. VSVP99
  2. Registered User
  1. VSVP99
  2. Registered User
  3. Join Date: Dec 2012
  4. Location: Canada
  5. Posts: 3,551
  6. Rep Power: 24463
Originally Posted By GordonXXX⏩
The four most dangerous words in finance are "this time is different".
Subprimes are BACK... but this time is different.

Am I doing it right? Now I'm that dangerous, bad boy Chad that all the females are after. Alright.
Originally Posted By katya422⏩
That is how it looks to me. Also see wealthy people purchasing farmland. Because they know that even if the funny money goes to *ZERO* value that other humans like to eat and sleep indoors.
Wealthy people besides Bill Gates? I wonder how much grazing land goes for leased per acre..
post 1649093683 10-17-2021, 09:59 AM
-
#22
  1. mesobuild
  2. Premium User
  1. mesobuild
  2. Premium User
  3. Join Date: May 2020
  4. Posts: 17,953
  5. Rep Power: 44402
Biden's economy.

Let's print more money to subsidize these investors.
post 1649093883 10-17-2021, 10:02 AM
-
#23
  1. yeshli2nuts
  2. Registered User
  1. yeshli2nuts
  2. Registered User
  3. Join Date: Jul 2010
  4. Location: Florida, United States
  5. Age: 38
  6. Posts: 9,269
  7. Rep Power: 50332
Good thing I bought my house when I did in 2018. Paid 440k, Zillow now shows it at $634,900. Refinanced last summer to a 2.875% interest rate over 30 years. Feelsgoodman
Never neg first but always neg back crew
post 1649094413 10-17-2021, 10:11 AM
-
#24
  1. MiscInformed
  2. Registered User
  1. MiscInformed
  2. Registered User
  3. Join Date: Feb 2016
  4. Posts: 21,630
  5. Rep Power: 144644
Originally Posted By GooBaaa⏩
This is a country of renters

Damn shame
"You will own nothing, and you will be happy." - Evil WEF guy with European accent
"Buy a man eat fish, the day, teach man, to lifetime." - Joe Biden

2022 New Year's Resolution: Randomly neg TheScapeGOAT for lulz.
post 1649095933 10-17-2021, 10:40 AM
-
#25
  1. guest89
  2. Forever aBOARD
  1. guest89
  2. Forever aBOARD
  3. Join Date: Sep 2003
  4. Location: United States
  5. Posts: 41,691
  6. Rep Power: 169649
Originally Posted By VSVP99⏩
Anyone think this is in preparation for hyper inflation? Getting out of cash and stocks, putting the money into physical goods and real estate.

The physical assets will retain a nominal value while everything else becomes worthless? If I'm reading it right?
Taking advantage of ridiculously low rates on 30 year terms + its a massive hedge against inflation.

Anyone who didn't buy a single family home essentially missed out on:
-30 year fixed rate mortgage at sub 2.5-2.8% interest rates. Locked in, fixed price per month.
-Real estate typically appreciates by 2-3% per year. Rent typically rises by 2-3% per year.
-Due to money printing/inflation/turbulence in the economy. The value of the dollar decreases. Which in turn means that 30 year fixed rate loan only becomes cheaper and cheaper.


Hindsight is 20-20 but if I'd have known at the start of Covid what I know now. I'd have liquidated my accounts and tried to scoop up as many single family homes at 30 year fixed rate mortgages.

I don't believe that stocks are going to become worthless as they still represent a holding in a physical business. But the value of the dollar and money as a whole is certainly on the decline.




As far as miscers who think we are in some kind of real estate bubble think again. There will be a cooling off of course. But they need to realize billionaire/millionaire investors have been the ones scooping up a lot of home purchases during this time. Its driven the market into a frenzy so regular home buyers have gotten caught up in it. But if there is a massive down turn these real estate investors will just go on another buying frenzy.
post 1649096853 10-17-2021, 10:59 AM
-
#26
  1. OT2000
  2. Registered User
  1. OT2000
  2. Registered User
  3. Join Date: May 2014
  4. Location: United States
  5. Age: 47
  6. Posts: 43,970
  7. Rep Power: 1387380
The house I bought in July is worth 25k more than what I paid for it. And I bought it for 80k more than what the original owner paid for it to be built in 2019.

It’s not stopping anytime soon. You can’t pay people $15hr and not have rapid inflation especially with housing.
I probably banged your mom.

Eat the whole animal like a real man.
post 1649098753 10-17-2021, 11:36 AM
-
#27
  1. seanb1979
  2. Platinum User
  1. seanb1979
  2. Platinum User
  3. Join Date: Dec 2006
  4. Location: Boise, Idaho, United States
  5. Posts: 48,650
  6. Rep Power: 150567
Originally Posted By OT2000⏩
The house I bought in July is worth 25k more than what I paid for it. And I bought it for 80k more than what the original owner paid for it to be built in 2019.

It’s not stopping anytime soon. You can’t pay people $15hr and not have rapid inflation especially with housing.
It's happening too fast though - I bought for 300k in 2016 and now it's worth 600k, which just doesn't feel realistic when comparing to wages.
A million miles away - I don't.. feel.... anything.
http://www.youtube.com/watch?v=PXGZu4yxjW0
post 1649099623 10-17-2021, 11:56 AM
-
#28
  1. OT2000
  2. Registered User
  1. OT2000
  2. Registered User
  3. Join Date: May 2014
  4. Location: United States
  5. Age: 47
  6. Posts: 43,970
  7. Rep Power: 1387380
Originally Posted By seanb1979⏩
It's happening too fast though - I bought for 300k in 2016 and now it's worth 600k, which just doesn't feel realistic when comparing to wages.
Except wages are changing and drastically, quickly. I have McDonald’s and retailers, restaurants around me offering $12/13 hr to start and they paid $8 ly. And it’s happening everywhere. Eventually it will slow though and become the norm.
I probably banged your mom.

Eat the whole animal like a real man.
post 1649099903 10-17-2021, 12:01 PM
-
#29
  1. seanb1979
  2. Platinum User
  1. seanb1979
  2. Platinum User
  3. Join Date: Dec 2006
  4. Location: Boise, Idaho, United States
  5. Posts: 48,650
  6. Rep Power: 150567
Originally Posted By OT2000⏩
Except wages are changing and drastically, quickly. I have McDonald’s and retailers, restaurants around me offering $12/13 hr to start and they paid $8 ly. And it’s happening everywhere. Eventually it will slow though and become the norm.
Those wages won't affect property values since they were never in that game. At the middle range, tech wages in the IT industry are not really changing. Yet, anyway.
A million miles away - I don't.. feel.... anything.
http://www.youtube.com/watch?v=PXGZu4yxjW0
post 1649100243 10-17-2021, 12:09 PM
-
#30
  1. Visel
  2. Progression
  1. Visel
  2. Progression
  3. Join Date: Jan 2019
  4. Posts: 13,618
  5. Rep Power: 85588
Goal is to leave the rentcel life by 30, but we'll see what happens. I think next year around this time I'll have maybe $60k, minus some capital gains, that could be thrown into a house. I'll be 27 by that point. So maybe 29ish I'd have like $125k+ for a reasonable down payment.
  1. Page 1 of 2
  2. 1
  3. 2
  5. Last
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts