Orange.
Pocket presents 🍊
- Joined
- Nov 24, 2021
- Messages
- 23,285
- Likes
- 143,077
Investor d-bags are a massive reason for this housing bubble. Hope those over leveraged folks have fun as the market begins to decline.Yeah we had similar offers when we sold which was in May. Sold it for over double what we paid for which was nice, but we had to do some persuading to get the buyer we felt was best. There were multiple offers that were 20k over what this one buyer bid but who wrote a really nice note with her offer about seeing herself in the house and it was her first house, so we went to her first and told her if she could match the bids that were 20k over, it was hers. She ended up doing that and got the house. The other two offers that were higher were both investors that were going to rent it out. We wanted better for the house and to give it to someone that would truly make it a home. We were glad she was able to get it.
I was pissed because they made us show all of our assets up front (bank statements and all) to get our house, but when we turned around and sold our house the buyer couldn’t get financed for his full amount at the last minute and we lost 50k.. the realtor was on my sh!t list.. they treated us, regular people who are from the boro(I won’t go into it) like criminals, but were afraid to ask for anything I guess for this dude.. I’m still mad lol .. had I known how it was going to happen I would have sold to the one couple who were from here for less and still ended up making more.. apparently we are all supposed to trust the financials of Egyptian citizens over locals lol
Investor d-bags are a massive reason for this housing bubble. Hope those over leveraged folks have fun as the market begins to decline.
Investor d-bags are a massive reason for this housing bubble. Hope those over leveraged folks have fun as the market begins to decline.
Where do you find that information? I wonder what it is places like Nashville.
Unless no one can afford the absurdly high rent prices in this upcoming recession that the firms need to profit. Then they will unload.The amount of housing inventory on the books of investment firms has gotten ridiculous. It is the reason why the bubble will not collapse as much as it would naturally. These investment firms have no reason to sell when the prices go down. The investment is simply passive income. They will just hold the house and continue to rent it out. And with the increased interest rates there will be plenty of renters in the market.
I actually just edited it. I was working from memory and had it a bit backwards. It’s not that 20% of single family homes are owned by corporations overall, but in the last year 24% of single family homes were bought by investors.
Unless no one can afford the absurdly high rent prices in this upcoming recession that the firms need to profit. Then they will unload.
Maybe if you use my off-the-grid book down in Fiji. . . no money needed, you can only wager in exotic animals. I'm in line to win 2 dozen mantis shrimp and wombat if ball state throws a double pass in the 1st qtr. . .@Enki_Amenra Is it possible to "write" a bet that's not currently available on the sites? I want to bet that Burrell gets a pick 6 Thursday. All the money will be belong to me.