finance

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

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/

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

Treating homes as investments is the worst thing for the middle class, and will squeeze it out of existence.

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I should clarify:
Treating a home as an investment by mandating homeowners associations and arbitrary standards of upkeep is the issue. 

Artificially inflating the value of the land, plus the supply being sucked up by corporations looking to control the market is/will annihilate the middle class.

Treating home as an investment is exactly what happens everywhere in the world. Too bad the hedges have excessive amount of money and even worse housing perming don’t roll up that quick .