[quote=deadzone][quote=sdrealtor]
Uh welcome to nasdaq. This isn’t real estate companies it’s every highly leveraged unprofitable growth company (disclosure: I own none of these real estate companies) out there. I took advantage of the opportunity of a lifetime to buy quality real estate and great profitable companies at for sale prices. Residential real estate has never been a Wall Street darling. It’sa Main Street darling. Real estate brokerage has never been highly profitable. Owning real estate has been for regular folks like me and y…, oops[/quote]

So these ibuyers, big Wall St. investors like Blackrock etc. are not influencing prices of RE? Plus all of the other mom and pop flippers and investors purchasing investment property? Give me a break. Didn’t you learn your lesson in 2008 that RE is susceptible to speculative bubbles? After all of these bubbles in RE you still believe RE is just a Main St business? You can’t possibly be that stupid.[/quote]

I cant speak to the country only here. They bought a small amount of mostly crap at vastly inflated prices. Had they not many of them wouldve gone to flippers. When they tried to sell them at above market prices they sat last year until lowered to FMV. Now that the market has spiked again they are getting bailed out to some extent which is actually IMO an investment opportunity for their stocks. Iv e sold hundreds of homes and have seen exactly how the market operates from street level over and over. You are sitting in a crappy rental praying for divine intervention having missed the greatest opportunity of your lifetime