SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Investing in Real Estate - Creative Opportunities
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jim McMannis who wrote (1468)3/26/2013 3:22:17 PM
From: Road Walker1 Recommendation  Read Replies (2) of 2722
 
I know what you mean. We'd been hearing about all the shadow inventory for years. Expecting for it to hit the market. Little did we know it had been bundled up and sold to investor pools. From the little guys standpoint this was another slap in the face. Now they get to rent or buy for 20% more in some places.

Some may be bundled wholesale, but a lot is local retail purchases by the funds. It's a little shocking to me... a dramatic turn in a very old industry of single family homes. Not much new under the Sun but this is new.

And I agree that the little guy buyer is getting screwed, but I suppose the little guy seller is benefiting. I'm also wondering how smart these "smart money" funds are.... could be a reckoning. But this time it's not the too big to fail banks, it's private equity and no one there to fix it for them. Florida real estate has buried many speculators over the years (including my Grandfather).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News