Re:US Housing Affordability Hits Worst Point in Nearly Four ...
by whimsicalism on Monday August 21, 2023 @04:43PM
(#37215102)
Their claim:
> Institutional investors own the vast majority of rental units
False - individual investors + trustees own the majority. Institutional investors are nowhere close to the size of a 'vast majority', especially when you consider that many individual investors choose to work through LLCs.
My claim:
> Institutional investors own less than 3% of rental homes
This is referring to single-family homes - I could probably have been more explicit when using the term 'home' above, but I was also replying to a comment specifically about SFH so I thought it was obvious from context.
Probably most of the discrepancy comes from 'institutional investor' not being a well defined term. If we are discussing megacorp, it is closer to the 3% number I have mentioned. If we are discussing mom & pop operating behind LLC, it is likely higher.
> Institutional investors own the vast majority of rental units
False - individual investors + trustees own the majority. Institutional investors are nowhere close to the size of a 'vast majority', especially when you consider that many individual investors choose to work through LLCs.
My claim:
> Institutional investors own less than 3% of rental homes
This is referring to single-family homes - I could probably have been more explicit when using the term 'home' above, but I was also replying to a comment specifically about SFH so I thought it was obvious from context.
Probably most of the discrepancy comes from 'institutional investor' not being a well defined term. If we are discussing megacorp, it is closer to the 3% number I have mentioned. If we are discussing mom & pop operating behind LLC, it is likely higher.