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Investors driving prices in hot markets?


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2013 Mar 21, 1:39am   1,515 views  0 comments

by rigidmember   ➕follow (1)   💰tip   ignore  

Interesting read on Blackstone and other investor groups buying to rent single family homes. What happens when the investor groups want to take profits and dump the properties?

We have seen it for several years now: foreclosure sales—there were 5 million since the peak of the housing bubble—have become the hunting grounds for investors with two goals: hanging on to these homes until the Fed’s flood of money drives up their value; and defraying the expenses of ownership by renting them out. And funds have a third goal: collecting management fees. Thousands of smaller investors have piled into the game. And so have the giants.

http://www.testosteronepit.com/home/2013/3/18/housing-bubble-ii-but-this-time-its-different.html

#housing

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