Hedge Funds Buying Real Estate

By HousingBoom   follow   Tue, 1 Jan 2013, 9:10am PST   ↑ Like   ↓ Dislike   686 views   1 comment   Watch (1)   Share   Quote  

http://news.firedoglake.com/2012/11/15/hedge-fund-blackstone-buying-100-million-in-foreclosed-homes-every-week/

Let’s forget the past, and look forward, and check out this housing boom, ay? It’s tiring to have to keep explaining this, but the housing “recovery” comes from two factors. One, banks have intentionally kept a lot of their inventory off the market. A LOT. Millions of homes. This, combined with the underwater homeowner catch-22 of not being able to list their home when they owe more on the mortgage than it’s worth, has led to artificially constrained supply. Then, on the demand side, institutional investors are scooping up homes in distressed sales and short sales, usually for cash, which...

#housing

Comment 1-1 of 1     Last »

HousingBoom   befriend (1)   ignore (0)   Tue, 1 Jan 2013, 9:11am PST   Like   Dislike     Share   Quote   Comment 1

Hedge Funds are interested in a quick profit so once the housing market starts its downturn again, then KABOOM!!!

All of these firms will release their inventory and prices will plummet. Manipulation at its finest!

Watch comments by email

home   top   share   link sharer   users   register   best comments   about   source code  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends