Single-Family Housing Starts and Permits Dive Eight Percent in June
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15 Comments
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1 year ago
I know this is a bit off topic, but what about the trend of hedge funds buying up single family houses to rent out? Are they buying up new houses?
How is the single family rental model going to work out long term? It’s a whole different business than owning apartment complexes which were built for the purpose of generating rental income.
Few renters take good care of the houses they live in, even if “required” by lease. So neighborhoods with high numbers of single family rentals tend to look run down and suffer a hit to price appreciation. Does that factor into the hedge funds investment strategy?
Or was it all a blind drive to buy any/all tangible assets regardless of whether it makes sense long term?
1 year ago
I wouldn’t want to be Blackrock when SHTF.
1 year ago
Why? What do you think will happen to Blackrock? The rubes will first ransack their own neighborhood.
1 year ago
thanks for another good post, mish. keep on reporting on the r/e picture. smells like it’s the really big shoe to drop. residential and commercial.
1 year ago
Those cul de sacs don’t build themselves, start bulldozing.
Sincerely,
Big Oil
1 year ago
Good stop building crap everywhere! Countryside is starting to look like middle class sprawl. Of course, it wont do me any good the people coming out here are looking to get away and have cash. My blessing is asides from my land, the plots around me are all 40 acres plus or crops.
LOL they put up 100 acres across the street for sale and I seen a guy on a atv right across from my house and I told him to build on the other side because he wont like having me for a neighbor. He hasn’t been back. Jackasses. Move out here and still want to be around other people.
1 year ago
people been saying the same thing since at least 1492, and probably earlier too. head out west, put up a tent and don’t want anyone near by. but they keep on coming…….just like you and yours did. i hear the same nonsense in every city and rural county i’ve ever lived around the world.
1 year ago
There’s no frontier to escape to.
1 year ago
outer space. the last frontier. beam me up, scotty. btw, william shatner was keynote speaker at libertarian freedom fest about 5 years ago or so. might have been one of the funniest and greatest speakers i’ve heard. he looks 20 years younger than his years.
1 year ago
I don’t want to live in a stinky can permanently, no matter how good the view is.
1 year ago
elon is taking us all to mars. bezos will build the whole foods and supply prime delivery, too.
1 year ago
Reventure Consulting /Youtube had an interesting video on housing declines across major metros. The usual suspects, California and west coast got hit hard.
but of more interest to me was this WSJ video of how this recession will be different. There is still a massive shortage of workers across many industries so it may be a weird ‘jobful’ recession, something that’s never happened before and may lead to a quick recovery.
link to youtube.com
1 year ago
Been watching his videos for a year and he’s been spot on. His analysis is data driven instead of all the fluff you hear that can’t be backed up.
1 year ago
Agree. I found that site here on Mishtalk, not sure who posted it originally. Also found FastGraphs (that was Eddie_t). There are also other data sources and feeds that I have collected over time that have dramatically improved my returns.
Of course, I have to read through the hysterics and hyperbole too but that’s a small price to pay for good info that makes me richer.
1 year ago
The most important thing, above all else, is that we get richer and richer and richer and better than everyone else.