Hedgefunds/REITS/Tech and Real Estate

Discussion in 'Off-Topic Discussions' started by Vonnegut, Aug 23, 2021.

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  1. Vonnegut

    Vonnegut Well-Known Member

    As mentioned in previous conversations, we're seeing a significant change in single-family home sales. Hedge funds, REITs, and Tech companies are now buying up entire developments, neighborhoods, and upending markets across the country. There are many markets now where the majority of home sales are sight unseen, cash offers, or a combination of those. When you also add in the number of single-family homes that are simply being taken out of the market from developer hold-backs, converted into short-term rentals, or as parking lots for cash and visas, we're seeing quite the change.


    https://www.vice.com/en/article/93ymxz/zillow-other-tech-firms-are-in-an-arms-race-to-buy-up-american-homes?utm_source=pocket-newtab
     

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