Quote:
Originally Posted by PeanutButter
Good 'ol free market.
Love to hate it.
Though, maybe them buying up houses and increases rental supply is a good thing. It was said, it's a losing investment unless you're expecting the house prices to SURGE. It's impossible to cash flow in any major city with an investment property.
So these corps must be thinking super long term, because in the short term, they're going to be bleeding money.
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Would not call it bleeding, at todays rates, a newly purchased property at 20% down, the landlord is short 10-20% of breaking even at worst
All the propery needs to do is go up 2% a year, and suddenly your good to go, make it 20% like the last 6 months and now your really talking