Wall Street scooped up a third of Texas single family homes sold last year

Re:Wall Street scooped up a third of Texas single family hom... by readthenotes1 on Monday June 12, 2023 @11:30PM (#36304818)

Ummm

I know multiple people who have secured their life doing that, though with smaller homes (and of course, they prefer duplexes, but the right SFR works).

And, i don't know that many people!

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Re:Wall Street scooped up a third of Texas single family hom... by bombcar on Monday June 12, 2023 @11:41PM (#36304918)

Did you factor out appreciation?

Because gambling on single family appreciation has been a great winning move for decades now, but if you factor out that almost all SFRs have negative cash-flow.

Well, they have negative cash flow but people endure that because of the leveraged appreciation.

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Re:Wall Street scooped up a third of Texas single family hom... by readthenotes1 on Wednesday June 14, 2023 @12:42PM (#36328614)

I did't do their math.

The people I know that are doing this seem to do well.

I do not know if that is because of the low mortgage rates up until last year or if they have some other secret, like only buying houses they can get a positive cash flow from.

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