[quote=Rhett][quote=sdrealtor]One question-If there werent investors willing to snap up good deals and turn them into rentals where would all the Pigg renters live?[/quote]
In a tent in your backyard?[/quote]
🙂
Actually, I don’t have a problem with investors buying multi-family appartments and customary rentals. I do have a problem with them buying up SFHs and preventing families from buying their own homes — “pricing them out of the market” due to the speculation and “inorganic” demand.
If investors were out of the market, for-sale houses would be less expensive, negating the need to bubble-sit in a rental. 😉
Believe me, I have conflicting emotions about this because I’ve been thinking hard about buying our old house back (now for sale again, probably could be had for 50% less than what we sold it for) and using it as a rental. We have the money…the only thing that’s keeping us from doing it are my moral convictions. It’s kept us from flipping, too, even though there were ample opportunities to flip and make some good money. I’m just trying to practice what I preach; but it’s admittedly not easy when “the system” is set up to reward speculators, fraudsters, and deadbeats.
