Investor Home Buying Plummets 45%, More Than 08

[Weatherman2020]

Everyone knows which direction Joe has the economy headed. This impacts Real estate agents, mortgage brokers, title insurance, home inspectors, and all of your home improvement businesses.

MSN

 

[Weatherman2020]

 

[iamwhatiseem]

 

[mamooth]

Everyone knows which direction Joe has the economy headed.

The most recent housing bubble popping would be seen as good news by normal people. It's not good when investors are snapping up all the housing and turn them into rentals.

 

[jotathought]

A huge fear investors should have would be around moratoriums for an impending COVID lockdown and / or forced residency to house illegal immigrants. State and local governments (e.g. New York) are currently struggling with this aspect, and have even asked residents to volunteer homes to house illegals.

Government is producing volatile results currently that prevent confident investments in real estate.

 

[iamwhatiseem]

The most recent housing bubble popping would be seen as good news by normal people. It's not good when investors are snapping up all the housing and turn them into rentals.

That was because between 2009 - 2014 approximately 7 million homes became vacant because the Obama administration 100% bailed out the banks/investors that held the mortgages, but the people who lived their were forced out. The banks debts on these homes were bailed out - AND - they got to keep the home as well. WHAT A DEAL!!
Banks do not want to be homeowners. And by the end of 2009 15% of homes were vacant.
Those banks sold them to whoever would buy them. And many were investors.
According to Investor Business Daily - 75% were purchased by investors.

 

[initforme]

The most recent housing bubble popping would be seen as good news by normal people. It's not good when investors are snapping up all the housing and turn them into rentals.

Agreed on that aspect. Investors who buy up properties should be limited.