Tuesday, Aug 04, 2015

Housing 'investment' in the US

Casey Daily Dispatch: The answer to the biggest riddle in the markets right now

Signs of a housing recovery are everywhere…
However, American homeownership has crashed…
You might be wondering how this is possible…

Posted by cornishman @ 07:11 AM (4626 views)
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1. hpwatcher said...

There is no recovery. It's banking slight-of-hand.

Tuesday, August 4, 2015 07:42AM Report Comment

2. icarus said...

Added to 'investors' bulk-buying properties at favourable prices to rent them out there's the explosion in house sales and prices for the luxury 1%, aided by the bailing out of creditors at the expense of mortgage payers a few years ago. The top 1% of houses in the San Francisco area, for example, are worth an average of about $5.5m, so that makes a big difference to overall figures.

Tuesday, August 4, 2015 09:07AM Report Comment

3. mombers said...

The only silver lining of institutional investors piling in is that the sector offers a more professional service, albeit still at a monopoly price. I lived in an apartment complex in Seattle and it was run much better than an amateur

Tuesday, August 4, 2015 03:37PM Report Comment

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