finance

Today 1/3 of the homes that go to the American market are bought by a hedge fund or a large corporation. This is a really good article on one case that is happening in Tampa. This is the result of the petrodollar

Today 1/3 of the homes that go to the American market are bought by a hedge fund or a large corporation. This is a really good article on one case that is happening in Tampa. This is the result of the petrodollar

https://www.tampabay.com/news/real-estate/2024/02/01/corporate-landlord-investor-homes-rent-housing/

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Treating homes as investments is the worst thing for the middle class, and will squeeze it out of existence.

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The future we are approaching is one where people own no land. People will lease land and “own” the house on top of it, which will be seized and resold every economic downturn. Rentseeking will squeeze every penny out of real estate and leave nothing for the middle class.

I should clarify:
Treating a home as an investment by mandating homeowners associations and arbitrary standards of upkeep is the issue. 

Artificially inflating the value of the land, plus the supply being sucked up by corporations looking to control the market is/will annihilate the middle class.

Treating home as an investment is exactly what happens everywhere in the world. Too bad the hedges have excessive amount of money and even worse housing perming don’t roll up that quick .