Hedge Funds as Single Family House Owners

[Axtremus]

https://www.nbcnews.com/business/real-estate/who-s-outbidding-you-tens-thousands-dollars-house-hedge-fund-n1274597

Another article on out-of-state hedge funds and investors snapping up local houses and driving up prices and rents in the process.

Cannot quantify it yet, but I suspect this won’t end well for the investors, the local towns, or the renters.

[Mik]

Cannot see this as a good thing.

[89th]

@Axtremus isn't this normally your cue to come in and mention that these investors have the same right to spend their money as others?

[Jolly]

No, more along the lines of "If you don't like this subdivision, build your own!" .

[Loki]

Is there a map somewhere to show where this is happening? What does the target market for hedge funds look like?

[Axtremus]

@89th said in Hedge Funds as Single Family House Owners:

@Axtremus isn't this normally your cue to come in and mention that these investors have the same right to spend their money as others?

Sure they do. You don't see me calling for legislation to stop then from buying, do you?

[xenon]

@jolly said in Hedge Funds as Single Family House Owners:

No, more along the lines of "If you don't like this subdivision, build your own!" .

In this case, that’s the actual problem. The red tape on construction makes the scarce current inventory of homes more valuable.

Investors buying is a symptom of that.

If institutions don’t do it - wealthy individuals will.