from Hacker News

Yield-chasing investors are snapping up single-family homes, driving up prices

by undefined1 on 4/4/21, 10:24 PM with 16 comments

• by gbronner on 4/5/21, 12:11 AM

  This will turn out badly. Corporate landlords won't be able to lobby quite so fiercely against new construction, upzoning and rent controls. Otoh, their cost of capital is lower, and they are more efficient managers than individual homeowners, so this might be a more efficient way of providing housing.

  One useful thing though is that corporate owners dont need to sell, so transaction and mtg taxes will be lower over the long term

• by asplake on 4/5/21, 5:09 AM

  ...and reducing yields. Ultimately, it’s self-correcting.

• by commandlinefan on 4/5/21, 2:38 AM

  > driving up prices

  ... and property taxes.