50
‘Swapping homes like stocks’: Wall Street-backed firm buys 264 valley homes in a day
(www.reviewjournal.com)
this post was submitted on 06 Jan 2024
50 points (91.7% liked)
United States | News & Politics
7494 readers
463 users here now
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Is that enough incentive for the landlord to do this? I think they would still rather rent it out and raise rent prices to account for the difference.
Some certainly will raise rents, but at the margins, it will certainly have effects. It will definitely influence investor ROIs in the right directions: harming institutional investors, while benefitting local landowners and tenants.
The numbers I gave might not be the right ones. They might be far too much, or far too little to achieve the degree of market influence we need.