[quote=davelj]
On the rentals, they’ll obviously buy the property for cash and then lever it up to the degree they can to free up equity for other purchases.
It ain’t rocket surgery.[/quote]
Or brain science.
I do not understand what the brouhaha is over “bulk purchases”. It is not like the houses are disappearing. If “private equity” or “hedge funds” are buying the houses to flip, that will just drive selling prices down further later on. If to rent, that will drive rental rates down, and hence drive speculative investors further out of the market, as rents will not cover purchase prices.
Just because money is in a hedge fund or private equity does not mean it is particularly intelligent.
