MovieChat Forums > Robert F. Kennedy Jr. Discussion > How I'll Make Housing Affordable

How I'll Make Housing Affordable

posted 19 days ago by itsbananas2024 (36)
7 replies | jump to latest

https://youtu.be/_qlC7GnX1mU?si=tu4of1tNaNDZUEGk

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More political nonsense. Institutional investors own about 574,000 single family homes compared to 90,000,000 total homes or about .638 percent. It's taken them approximately 14 years to acquire them.

[–] itsbananas2024 (36) 19 days ago

should he have not brought it up you think?

[–] pcbakeraz (92) 18 days ago

No. It's an important issue and deserves to be addressed. He's just not proposing a real solution.

[–] Information-Police (4184) 10 days ago

What do the institutional investors do with those houses? Rent them?

[–] pcbakeraz (92) 8 days ago

Yes they rent them. It's a yield play with a capital gain possibility later. More than likely rolled into a REIT much like they do mortgages into larger MBS bonds.

[–] Information-Police (4184) 8 days ago

Thanks for explaining

[–] AmeriGirl26 (12498) 10 days ago

Remind me again how many houses his family owns? Would you take a guy who owns more than one house at his word about something like this?