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2
Eman
2021 Nov 23, 1:17pm
Eman
2021 Nov 23, 1:17pm
HunterTits says
It’s the mom and pop shops that are into owning SFH’s. There’s no scale in it, and the cash flow sucks to negative. Corporations/LLCs would prefer to own apartments
Good! Because that is pretty much the only thing that will make housing affordable again.
That and:
1) Requiring ALL mortgages to have a 20% down.
2) Forbidding corporations/LLCs from buying/owning SFHs. Well, LLCs owned by corps.
It’s the mom and pop shops that are into owning SFH’s. There’s no scale in it, and the cash flow sucks to negative. Corporations/LLCs would prefer to own apartments
3
Booger
2021 Nov 23, 1:39pm
Booger
2021 Nov 23, 1:39pm
Al_Sharpton_for_President says
FINALLY!
After hitting the lowest levels in over a month last Tuesday, mortgage rates have been moving higher fairly quickly each day since then.
FINALLY!
4
TheAntiPanicanLearingCenter
2021 Nov 23, 2:30pm
TheAntiPanicanLearingCenter
2021 Nov 23, 2:30pm
Eman says
Formerly. Now Blackrock and others are buying up SFHs and renting them.
It’s the mom and pop shops that are into owning SFH’s. There’s no scale in it, and the cash flow sucks to negative. Corporations/LLCs would prefer to own apartments
Formerly. Now Blackrock and others are buying up SFHs and renting them.
5
B.A.C.A.H.
2021 Nov 23, 2:44pm
B.A.C.A.H.
2021 Nov 23, 2:44pm
CaptainHorsePaste says
Please share with us, your firsthand knowledge of some of these.
Formerly. Now Blackrock and others are buying up SFHs and renting them.
Please share with us, your firsthand knowledge of some of these.
6
B.A.C.A.H.
2021 Nov 23, 2:49pm
B.A.C.A.H.
2021 Nov 23, 2:49pm
Eman says
Are you referring to the whole US or just the Bay Area? (which is an anomalous region).
It’s the mom and pop shops that are into owning SFH’s. There’s no scale in it, and the cash flow sucks to negative.
Are you referring to the whole US or just the Bay Area? (which is an anomalous region).
7
Bd6r
2021 Nov 23, 2:58pm
Bd6r
2021 Nov 23, 2:58pm
B.A.C.A.H. says
Some investment fund bought a whole neighborhood in N. Houston (Amber Pines at Fosters Ridge). I heard same about Dallas.
In a new north Houston subdivision, as one recent example, a pension fund called Fundrise LLC gobbled up the entire development for a cool $32 million. Fundrise, in case you are unfamiliar, manages more than $1 billion on behalf of roughly 150,000 people.
Had D.R. Horton, the subdivision’s developer, sold these homes the traditional way – you know, to actual families wanting to buy places to live – that collective price tag would have been about $16 million, or roughly half.
Please share with us, your firsthand knowledge of some of these.
Some investment fund bought a whole neighborhood in N. Houston (Amber Pines at Fosters Ridge). I heard same about Dallas.
In a new north Houston subdivision, as one recent example, a pension fund called Fundrise LLC gobbled up the entire development for a cool $32 million. Fundrise, in case you are unfamiliar, manages more than $1 billion on behalf of roughly 150,000 people.
Had D.R. Horton, the subdivision’s developer, sold these homes the traditional way – you know, to actual families wanting to buy places to live – that collective price tag would have been about $16 million, or roughly half.
Mortgage lenders prefer to release one set of rates per day. If the market moves enough, they will typically recall those offerings and "reprice" for better or worse. At the start of business today, the average lender's rates were actually fairly close to last Friday's, but intraday weakness in the bond market forced widespread reprices ("for the worse," in case that part wasn't implied clearly enough).
In the bigger picture, today's rates are the highest in about 2 weeks, but the movement during that time hasn't been too extreme. The average lender is still able to offer top tier conventional 30yr fixed rates in the low 3% range.
http://www.mortgagenewsdaily.com/consumer_rates/990793.aspx