I wanted to clarify that in Happs’ second WSJ video, the loudspeaker on the steps appeared to indicate that opening bids on foreclosing houses there were $50K-$80K each.
The low prices (and the fact that there is a likely a lot of shadow inventory now being foreclosed on) could explain the extreme interest by out-of-state REITs.
IOW, I’m fairly certain the rental parity looks pretty good there for SFRs.
Of course, GA has a much different RE market than SD County, CA, and the two regions cannot really be compared.
