Small investors owning between one and five properties hold 87% of single-family homes owned by investors, while those owning six to 10 properties hold another 4%. Large institutional investors owning 1,000 or more properties account for just 2% of all investor-owned homes.
Honestly, I thought the large institutional investors held a much higher percentage. I am in no way saying that home prices, supply, and landlords don’t suck butt, so don’t come at me. It is weird to consider someone owning a single property as an investor. I really want to see what the numbers are like if you take out the 1 or 2 property owning people.
The way institutions structure their portfolios, most “owners” are 100-500 units. Doesnt mean those portfolios don’t roll up under one umbrella. Many institutions structure their portfolios in ways too difficult to track and count, which is why you never see count of actual doors included in these metrics. Just the same % mentioned year over year over year, meanwhile year over year they continue to purchase an ever increasing % of market share.
My landlord is essentially investing in the house I’m renting. I don’t think she makes a whole lot on rent, but the value of the house has definitely gone up a lot. Rent is quite a bit below market a this point and she could raise it a lot more than she does every year ((legally, anyway)). As far as I know, this is the only property she rents out, but I do assume she owns her residence.
Companies should be limited to like 3 single family homes. This allows for individuals to have an LLC for rentals, but prevents hoarding homes solely for investment with no intention of renting at reasonable rates.
Homes that aren’t used as a primary residence should have higher taxation. Rentals that are not inhabited should have taxes increased until they are rented out, to prevent setting ridiculous prices no one will ever pay and having viable housing sit unused for years on end.
I’d add that rentals should be inhabited in a more or less permanent basis.
Purchasing a house so you can rent it out as an AirBnB should leave you taxed as if it’s unoccupied.
Oh short term rentals shouldn’t count at all, regardless of the method used to rent them out.
Single family homes should be used as single family homes.
Homes that aren’t used as a primary residence should have higher taxation.
Generally do: primary residence gets a “homestead exemption” that substantially reduces property tax. In my area, it’s around 50% reduction.
Wait until the US economy crashes and they buy up the rest after everyone defaults on their mortgage. You’ll be feudal peasants again.
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This is the final nail the the American Dream coffin. I hope these fuckers all take a huge bath and NO ONE rents or buys their properties. I will never sell my home, now, because of this shit which is running rampant in my market I will die here and give it to my kids.
The “American Dream” has always been a load of crap.
Nobody ever moves out again. Besides shit families and obvious overcrowding after the kids have kids, could be a worse idea.
