Tuesday, August 4, 2015
Housing ‘investment’ in the US
The answer to the biggest riddle in the markets right now
Signs of a housing recovery are everywhereÂ… However, American homeownership has crashedÂ… You might be wondering how this is possibleÂ…
3 thoughts on “Housing ‘investment’ in the US”
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hpwatcher says:
There is no recovery. It’s banking slight-of-hand.
icarus says:
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.
mombers says:
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