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by oldstrangers
1313 days ago
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This comment is so intentionally disingenuous I don't even know where to start. But I'll just offer up this: "Large investment firms are converting single-family homes to rentals and building communities to rent in the Houston metro area to help meet rising rental demand, while the housing shortage is driving more people into renting. The Houston Association of Realtors reported June 15 the number of leased single-family home rentals increased 24.8% from May 2021 to May 2022. While rising mortgages and low inventory are contributing to the trend, experts said potential homebuyers are also facing competition from real estate investment firms—or institutional investors—buying properties to sell or lease. Locally, NAR data showed 38% of single-family properties purchased in Harris County in 2021 were bought by institutional investors. Property data from the Harris County Appraisal District shows nearly 7,000 homes in Harris County as of June are owned by five NRHC members and their subsidiaries." https://communityimpact.com/houston/bay-area/city-county/202... In what world would you imagine that this is better for consumers? I also don't "represent" anything. I worked in real estate from a technical side (mostly CRE), and had nothing to do with the trash that goes on from either side. I just got to witness it. |
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