A Real American President: Donald Trump Message Board

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Politics : A Real American President: Donald Trump

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Honey_Bee

To: DMaA who wrote (286515)	6/18/2021 3:42:27 PM
From: Thehammer	2 Recommendations Read Replies (1) of 456038

Is this something to worry about? Big multinational corporations buying up houses above market rates. Thanks for that - interesting. These things always tend to beg some questions such as what percentage of available homes are being scooped up by these firms and in what markets? I knew that after the Great Recession, Berkshire and others went into the housing market and in essence that probably helped stabilize prices. I have a couple of real estate friends who say every home is an overbid and they get have people lined up as soon as a "comin soon" ad appears. People are also waving inspections. The guy who is renting the home that i am living in told me he wants to sell. I don't want it and it has a lot wrong with it but I am trying to build in the country. I offered a lot more money and other concessions and he balked but then said he is moving back and wants to occupy. So I scrambled to find a rental. Now much supply and the one I found is owned by a big corporation and professionally managed by a firm in Texas. My real estate agent wants to put in a swimming pool. The construction guys said , minimum of 2 years wait - same response for an upgraded drive way. Supply chains are wrecked. My bike shop can't get high end parts. Then someone posted something from Michael Burry - the guy who bet on the Great Recession and he said we are in The Mother of All Bubbles... The guys in the video got some of the mortgage backed securities part wrong as well but were in the ball park. The banks didn't keep the mortgages on their books. There was a big market to create mortgage backed securities and they were going after any and all mortgages.

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