undefined | Better HN

0 pointsriskable2y ago0 comments

About a quarter of all single-family homes in the US are owned by investors:

https://www.billtrack50.com/blog/investment-firms-and-home-b...

The percentage of investors that buy single-family homes in a given year may rise or fall but the long-term trend is clear: Investors are owning more and more of the total market over time. Actual single families are being priced out.

Some markets are worse than the national statistic and entire neighborhoods are being bought in order to turn every single home into rentals. The New York Times wrote about this last year:

https://www.nytimes.com/2022/04/23/us/corporate-real-estate-...

It's a very real issue and a few simple changes to the laws in regards to how many single-family homes may be owned by corporations would make a huge impact.

0 comments

gowld2y ago

> About a quarter of all single-family homes in the US are owned by investors:

I don't see that mentioned anywhere in the article.

I see "Last year, investor purchases accounted for 22% of American homes sold. This is significantly down from the 80% number in 2020-2021,"

Also, that "80%" number appears to be a mistake that doesn't match the cited source. https://www.redfin.com/news/investor-home-purchases-q3-2021/

It appears to me a misstatemenr of "investor purchasing of single-family homes increased over 80%." which is just silliness comparing the covid dip to the post-covid recovery back to normal.

The billtrack50 article is so incoherent and self-contradictory that it's not worth trying to make sense of it.

j / k navigate · click thread line to collapse