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***Official Real Estate Thread***

B

bluemarlin04

Michael Peterson status
Aug 13, 2015
2,565
2,383
113
R3W said:
The article starts with Blackrock (which isn‘t in this game) and then turns to Blackstone, a different company all together. Invitation Homes (INVH) is a REIT that went public around 2017. By regulation REITs have to pay out 90% of its income to investors. REITs own everything, so this is nothing new.

BUT - there‘s a lot more private equity and hedge funds buying up single family housing. So that part is true. From an institutional viewpoint, real estate is just another asset class and, at least for now, a good hedge against inflation or fraction of 1% bond yields. My guess would be that when they decide to rotate out, they’ll sell to REITs or other institutional investors. These guys aren’t as stupid as Zillow.
Click to expand...
Huh?

Blackrock is in the game and have been for a while.

slate.com

Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.

Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s.
slate.com slate.com
 
R

R3W

Phil Edwards status
Feb 19, 2002
6,864
32
48
Frisco
bluemarlin04 said:
Huh?

Blackrock is in the game and have been for a while.

slate.com

Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.

Invitation Homes bought 90 percent of the homes for sale in some ZIP codes in Atlanta in the early 2010s.
slate.com slate.com
Click to expand...

Facts on BlackRock Buying Houses | BlackRock

BlackRock is an active investor in the U.S. real estate market. However, buying houses or competing with individuals to purchase homes is simply not what we do.
www.blackrock.com
 
casa_mugrienta

casa_mugrienta

Duke status
Apr 13, 2008
43,705
18,215
113
Petak Island
bluemarlin04 said:
Blackrock buying homes should worry everyone.

Esp with the fed raising interest rates trying to slow down buyers.

Blackrock and others are likely waiting to strike to grab up as many middle class properties as they can to rent back to the people that just got priced out.

It’s literally the perfect combination for them. Middle class can’t afford cause the high interest rates. They scoop up a ton of properties on their low interest credit lines and PE. Then rent back to everyone and the middle class loses again.
Click to expand...
Big deal.

In the future you will own nothing and be happy.
 
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Mr Doof

Mr Doof

Duke status
Jan 23, 2002
24,941
7,860
113
San Francisco, CA
One-Off said:
Here's a nice listing for the well heeled. Bit of surf history mixed in. Maybe you could get Mills Act tax relief?

www.coastalranch.com

Endless Summer Ranch — Coastal Ranch

Legendary filmmaker Bruce Brown's Endless Summer Ranch on the pristine Gaviota coastline is a world unto itself. Your opportunity to live in coastal paradise awaits.
www.coastalranch.com www.coastalranch.com
Click to expand...
Was totes going to put in offer in, then saw the lawn....

1652724580030.png
 
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sdsrfr

sdsrfr

Phil Edwards status
Jul 13, 2020
5,978
11,476
113
San Diego
casa_mugrienta said:
Supply is irrelevant without demand.
Click to expand...
Newest numbers seem to imply demand is still there, at least in San Diego.

www.sandiegouniontribune.com

For subscribers: 'Still a sellers' market' San Diego home price reaches another high, despite rising mortgage rates

San Diego County's median home price continues to rise to record highs, $840,250, despite increasing mortgage rates and other cost-of-living increases.
www.sandiegouniontribune.com www.sandiegouniontribune.com

data source:
www.redfin.com

Data Center

View and download the latest housing market data from Redfin, including home prices, sales, inventory, new listings, and days on market.
www.redfin.com www.redfin.com

found the data tool interesting to play with - was surprised to see the rent/mortgage compression across all property types in San Diego county. Seems if you bought a place in the last couple years you should have no issue filling with renters and pay off a decent stack of bills.
 
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crustBrother

crustBrother

Kelly Slater status
Apr 23, 2001
9,313
5,510
113
casa_mugrienta said:
Supply is irrelevant without demand.
Click to expand...
Its easy to fix the demand problem by adjusting the terms and conditions so that it is easier for people to qualify for home loans. They've done it before (in the late 90's and first half of the 2000's) and it worked GREAT!
 
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