this post was submitted on 14 Jan 2024
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News

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[–] [email protected] 30 points 10 months ago (2 children)

I wish their data showed how many of the bidders/mortgage applicants were indivduals vs corporate buyers.

[–] [email protected] 10 points 10 months ago (2 children)

This article is mostly about 2022 data but has a lot of the numbers you're looking for:

https://scrippsnews.com/stories/corporate-investors-are-purchasing-more-single-family-homes/

[–] HParker 8 points 10 months ago

This article quotes the “1/3 of 1%” number for large scale property investors. Seems like the vast majority of property buys are still people that intend to live there, though the “49% of 26%” (btw why are all the statistics in these weird formats???) are 1-9 property owners”mom and pop” investors. That number is actually way bigger than i thought. I could see this being a problem is some locations more than others though. That might make the problem feel bigger in some areas.

[–] [email protected] 2 points 10 months ago

Thanks for the info.

I was aware of that. It just annoys me that articles ignore it altogether to make us think scummy corps don't have anything to do with bidding wars, mortgages or housing costs and availability.

[–] [email protected] 0 points 10 months ago (1 children)

And US citizens versus foreign nationals.

[–] [email protected] 5 points 10 months ago

US citizens are fighting US companies a lot more than foreign nationals. We have enough homegrown pieces of shit without having to look at other countries.

[–] [email protected] 9 points 10 months ago (1 children)

At this rate Im going to have to build my own fucking house.

[–] [email protected] 1 points 10 months ago (1 children)

Buying one piece for the house per month...

[–] [email protected] 2 points 10 months ago

The real secret is finding tiny house construction plans that are legal in your state.