Fundrise previously snatched up a 120-unit development in Pensacola and has been pouring money into other rental developments in states like South Carolina and Mississippi.
Ken Johnson, professor of real estate at Florida Atlantic University, said firms are following population trends and investing in previously disregarded regions of the country. Anecdotes abound about aspiring homebuyers having their bids avalanched by corporate competitors with deep pockets. But Johnson argued that corporate purchases remain a “drop in the bucket” of overall home transactions throughout the country.
Did they watch Schitt's Creek and thought 'let's try that but unfunny'?
First they will drive prices sky high. The real estate markets will crash. The will short the sales ahead of the crash. Corporate America is not good for Americans. At least the current itineration of corporate America
The answer is probably, I don’t know, a guillotine?
Sounds awful
Ah yes feudalism
Cypress Bay is a community in Palm Bay and all 87 homes were bought by two investment funds for $45 million. They were backed by the massive New York investment bank Goldman Sachs. GovRonDeSantis
Just move in with your parents and let the communities become ghost towns. Sooner or later the companies will have to sell off the houses at a lower rate.
Can we please have the government step in and put a halt on all these investment firms purchasing land and homes... literally pricing out the middle class
Stop the madness
This should be illegal
That's where they will move in all the Somalians.
Micah 4..Isaiah 2.. 1Cor.6:2;6;9; last days 1914 people stream to the house of God(religion) let them clean their teachings..they have to prove as approved congregations. Rev.1,2,4,6,11,18,22 apply bible..James 4:17;Eze.3:18-21;Prov.3:27-28; see jw org