Re:A Student-Debt Bubble Fueled a Housing Bubble
by bilekas on Monday September 11, 2023 @07:23AM
(#37465619)
If you're a landlord you're most likely not borrowing large amounts on the properties you're renting out. Its more common that those properties were bought years before when prices were achievable.
There are some good statistics here in the CSO (Central Statistic Office) for Ireland.
A bit further down you can find the age gaps between "Outright ownership"
"Figure 3.5 Tenure status by age of householder, 2016" Particularly glaring.
> I suspect that much more of the rental purchases are driven by small investment companies
On this topic, yes for new builds, pretty much investment companies will come in and buy them up prior to being built. This has always been a thing, but is not helping the situation for normal people just looking to buy somewhere to live.
There are some good statistics here in the CSO (Central Statistic Office) for Ireland.
https://www.cso.ie/en/releasesandpublications/ep/p-cp1hii/cp...
A bit further down you can find the age gaps between "Outright ownership"
"Figure 3.5 Tenure status by age of householder, 2016" Particularly glaring.
> I suspect that much more of the rental purchases are driven by small investment companies
On this topic, yes for new builds, pretty much investment companies will come in and buy them up prior to being built. This has always been a thing, but is not helping the situation for normal people just looking to buy somewhere to live.