What it Really Means When Corporations Buy Single Family Homes
Is there a solution for the Real Estate market crisis?
I recently wrote a piece sharing what I heard directly from an investor who owns a big corporation about the current Real Estate market crisis.
Corporations buying up single-family homes are not going anywhere. Investors moved on from “buying-flipping-selling” to “buying to rent.” The shift in the business model, according to the investor I heard, happened due to the “need for mobility of millennials,” who seem to be fine renting rather than buying.
From the brokers’ perspective, their clients who want to buy a house are getting priced out of their desired neighborhood, and in many cases, out of the entire market.
“‘First, let me address the buyers’ issue. Millennials could not care less about buying a home. They want mobility. I am the mother of two millennials and they prefer to rent.’ She seemed sure. I thought, ‘well, what about millennials with children and stable jobs, like my husband?’ Amy did not seem to…
