Dry_Examination6776 t1_jeeoyto wrote
Reply to comment by PracticableSolution in These NJ counties saw the largest population drop as residents migrate to other areas by madrid987
They’re being bought by banks and hedge funds to weather the financial shitstorm coming.
kaliwrath t1_jeevof3 wrote
They would still need to be rented out to create cash flow. Although there is constant apartments being built there is still low housing stock
jawocha t1_jeeyvb6 wrote
Who needs cash flow when you can get a bailout or leverage it or get another loan with your properties a collateral
h0w13 t1_jeeylrk wrote
Nope. Lookup what a "land bank" is.
kendrickislife t1_jeezsch wrote
They don’t need cash flow when they’re the ones being bailed out by the govt and all of us must deal with the consequences
financialanon t1_jefj0yq wrote
Do you actually know any houses where you live that are corporate owned?
I don't personally know of a single family property in my town or any other town that has a corporate owner.
angusshangus t1_jefpr7o wrote
i live in western essex county and pay attention to whats for sale. I'm not aware of any single family homes bought by some sort of corporation. Apartment buildings are another story and they seem to be springing up non stop around here
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