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Giuliano Giacaglia
@giu
Today 1/3 of the homes that go to the American market are bought by a hedge fund or a large corporation. This is a really good article on one case that is happening in Tampa. This is the result of the petrodollar https://www.tampabay.com/news/real-estate/2024/02/01/corporate-landlord-investor-homes-rent-housing/
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Diego
@d1ego
Lyn Alden's Broken Money has a great take on this. The accelerated USD debasement drives investors with access to cheap funding to short USD to get real assets while the average Joe cannot play the leverage game. Asset inflation in Real Estate (vs. in equities) exacerbates much quicker the wealth gap
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Darryl Yeo 🛠️
@darrylyeo
😭
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Nerd-E 🎩🔮
@nerdy
Treating homes as investments is the worst thing for the middle class, and will squeeze it out of existence.
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Nevs
@schrypt0s
Do you know where the data set it is for the 1/3 figure? I read an article in WSJ the other day that *claimed* it’s actually more like 3-5%. Their data set sucked though. I agree with you but have been seeking a raw or verifiable source for the data set.
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Perec, Georges
@perecgeorges
A modest proposal for U.S. housing policy: 1) since houses/apts/condos are shelter for people, they cannot be owned by businesses. 2) every individual person can own no more than two houses. Outside of corp. interests and the top 5% (and I guess their lackeys and delusional/aspirational 5%ers), who balks at this?
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Amol
@0xamol
To add, they are also going to large investment firms and HNI's from other countries. Russia, Saudi, Europeans, etc. Sad to see.
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