“The average worker today has $4,500 left after paying rent. Adjusted for inflation, this is about 4% higher than the $3,400 left over after paying rent a decade ago. ”
Across the country there is considerable backlash about PE buying up homes as rentals. To avoid going down a potential rabbit hole here, I’ll share Ive yet to see PE buying sfr rentals in SD to any measurable degree
Ive searched the tax records and done other research. They arent buying or selling on open market either. Its not hard to research if you have access to my tools
Even at the height of iBuyers like Opendoor and Zillow they only owned a couple hundred homes.
Institutional buyers just have never been a big buyer of homes here. The biggest were some big flipper orgs from OC
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