New home sales soar to highest level since 2007

[rapbeats]

corporations don't buy homes to not sell them...what are you even asking here?

maybe yall need to stop acting like the whole US is dying and broke. there are still plenty low COL areas where people can afford homes on modest incomes, there is also a big migration of high salary workers migrating to tier 2 cities located throughout the midwest, plains and south.


100k isn't hard to meet with two working adults, most homes a purchased by couples

But corporations do hold on to homes just because they can afford to unlike some regular person. They have such large inventory they can afford to sell some and just hold on to others(even if they are losing money by the day.) This can also create an issue with pricing. where most people would have to come off the astronomical price tags, some of these companies can say oh well, we'll just wait to we get what we ask for.

 

[Reece]

Real estate is the EASIEST way to build wealth in this country. All you need is a few years of savings and you can start flipping houses or buying rentals. Then you gotta add in all the overseas investors. You don’t need to come up with a crazy profitable business idea and try to find customers. You just need to buy houses cheap and invest. As long as that’s true you’re going to always have millions or hundreds of thousands of real estate investors out there. And it’s them that are raising home values. To flip for a profit.

 

[ogc163]

But corporations do hold on to homes just because they can afford to unlike some regular person. They have such large inventory they can afford to sell some and just hold on to others(even if they are losing money by the day.) This can also create an issue with pricing. where most people would have to come off the astronomical price tags, some of these companies can say oh well, we'll just wait to we get what we ask for.

Do you have any links showing corporations holding on to homes is prevalent throughout the housing market?

 

[OfTheCross]

corporations don't buy homes to not sell them...what are you even asking here?

maybe yall need to stop acting like the whole US is dying and broke. there are still plenty low COL areas where people can afford homes on modest incomes, there is also a big migration of high salary workers migrating to tier 2 cities located throughout the midwest, plains and south.


100k isn't hard to meet with two working adults, most homes a purchased by couples

Oh, I know it's very possible with 2 incomes...

but it's crazy that the median home sale is 350K when the median individual income is 31K and median household income is 60K.

That means that everyone that can afford to buy in this seller's market, is. shyt is dumb to me.

 

[dora_da_destroyer]

Oh, I know it's very possible with 2 incomes...

but it's crazy that the median home sale is 350K when the median individual income is 31K and median household income is 60K.

That means that everyone that can afford to buy in this seller's market, is. shyt is dumb to me.

you need to look at median family income to get a read on where couples (~62% of homebuyers) income lands. household income, while higher than individual due to multi earner HH's, is also less than family income due to the # of single earner HH's in that count. median family income is $80k, and that's better aligned with the median home price.

 

[wtfyomom]

Lmao at anyone thinking this is a great economy . This forum is fukkin Twitter. Yeah half the country living paycheck to paycheck is great

 

[Pressure]

Lmao at anyone thinking this is a great economy . This forum is fukkin Twitter. Yeah half the country living paycheck to paycheck is great

Pay rent pay your mortgage

 

[DEAD7]

Lmao at anyone thinking this is a great economy.

 

[wtfyomom]

besides that i legit dont think the economy is great, whats great? the stock market and the fake unemployment rate. what else? its a house of cards built on debt that is about to crash and everyone says it even some right wing economists. first of all you wouldnt beg to lower interest rates in a "great economy" but besides all that, you aint beating trump if you concede its a great economy

 

[rapbeats]

Do you have any links showing corporations holding on to homes is prevalent throughout the housing market?

you know you're not about to get many if any article telling the WHOLE truth about the strategies.

Investors Are Buying More of the U.S. Housing Market Than Ever Before
Investors Are Buying More of the U.S. Housing Market Than Ever Before — NCSHA

and as you may notice i forgot to add. they have turned quite a few of these homes/ other housing into rentals.

and look at this, so you can see the entire game plan.

...Of course, the trends that favored these new landlords were largely produced by a financial crisis that Wall Street had itself abetted. That some of the same investment firms that had played a part in the housing crisis were now poised to profit from it made for a dismal irony. But if the new companies could deliver on their promises of making home rentals easy, affordable, and worry-free, perhaps everyone could win: The companies could return a profit, the housing market could be shored up, and houses that had lain fallow after the crash could once again be happy homes....

So basically the rich come in and dry you out. now that you're starved half to death and need water to stay alive. they come in and drop off a few water bottles and some of you call them saints for it. not realizing the reason you are so thirsty is due to their Original action(s).

When Wall Street Is Your Landlord

That success may be coming at the expense of would-be homeowners—the Americans Fannie Mae was created to assist. As the rental companies continue to acquire more real estate, they are competing with people who have repaired their credit in the decade since the recession, socked money away, and are now finally ready to buy again. “Our fear is that any home that goes into [an] investor’s portfolio isn’t just about homeownership today—it is locking that home out of potential homeownership for decades to come,” says John O’Callaghan, the president and CEO of the Atlanta Neighborhood Development Partnership, a nonprofit that promotes affordable housing.

Receipts^^^. and i didnt need these articles to prove what i said. I live in Los angeles. I drive a lot in all sorts of areas great, Good, semi good, not so good, etc. , in all sorts of economics(ultra rich, rich, almost rich, i'm ok, pay check to pay check, etc.) I've seen enough of these corporate investor signs to figure the game out. Ohhhhh I see who actually has a lot of these homes. it aint you and I selling these homes. Its some corporation that has a huge portfolio of these homes/condos. They can afford to let em sit until they get their ridiculous asking price. they can afford to do the same when it comes to rentals. which is why you see these places that have been built within the past few years, and their still half empty. how in the hell are you making money like that? well if you make the rent something insane, the few people that are there are making you enough money to float the property for bit longer to someone else moves in and then moves out cause they just cant keep those payments up. in addition your company is so flush with cash and real estate. you dont have to sell every thing you have in stock and you dont have to rent every rental you have in stock, you can Afford to hold up and wait. This is a problem for regulars like you and I.

 

[ogc163]

you know you're not about to get many if any article telling the WHOLE truth about the strategies.

Investors Are Buying More of the U.S. Housing Market Than Ever Before
Investors Are Buying More of the U.S. Housing Market Than Ever Before — NCSHA

and as you may notice i forgot to add. they have turned quite a few of these homes/ other housing into rentals.

and look at this, so you can see the entire game plan.



So basically the rich come in and dry you out. now that you're starved half to death and need water to stay alive. they come in and drop off a few water bottles and some of you call them saints for it. not realizing the reason you are so thirsty is due to their Original action(s).

When Wall Street Is Your Landlord




Receipts^^^. and i didnt need these articles to prove what i said. I live in Los angeles. I drive a lot in all sorts of areas great, Good, semi good, not so good, etc. , in all sorts of economics(ultra rich, rich, almost rich, i'm ok, pay check to pay check, etc.) I've seen enough of these corporate investor signs to figure the game out. Ohhhhh I see who actually has a lot of these homes. it aint you and I selling these homes. Its some corporation that has a huge portfolio of these homes/condos. They can afford to let em sit until they get their ridiculous asking price. they can afford to do the same when it comes to rentals. which is why you see these places that have been built within the past few years, and their still half empty. how in the hell are you making money like that? well if you make the rent something insane, the few people that are there are making you enough money to float the property for bit longer to someone else moves in and then moves out cause they just cant keep those payments up. in addition your company is so flush with cash and real estate. you dont have to sell every thing you have in stock and you dont have to rent every rental you have in stock, you can Afford to hold up and wait. This is a problem for regulars like you and I.

Both articles are behind a paywall, can you copy and paste the entire articles? And the excerpts you provided don't prove that corporations holding on to homes is prevalent, but I'll hold off on coming to a conclusion until I see the evidence provided in the articles.

 

[Eternal Tecate]

Both articles are behind a paywall, can you copy and paste the entire articles? And the excerpts you provided don't prove that corporations holding on to homes is prevalent, but I'll hold off on coming to a conclusion until I see the evidence provided in the articles.

I don't have an article but he's got a perspective from LA, and I have a perspective from Chicago that agrees with him. That's 2 huge cities. I have 0 doubt NY is the same way just on a bigger scale. Just sayin.

 

[badboys11]

these are foreign investors buying up real estate. If this was off the back of real live americans you will see foreclosures at an all time high by 2023

 

[Deflatedhoopdreams]

these are foreign investors buying up real estate. If this was off the back of real live americans you will see foreclosures at an all time high by 2023

Right.

 

[R. Money]

Have any of YOU, folks who say the economy is great, bought a newly-constructed home recently?