Comment by mattmcknight
Comment by mattmcknight 3 days ago
It's not even a long article, but why are so many of the comments ignoring the end of it? "Indications are that institutional investors are scaling back home sales." from the article would seem to contradict a large number of the comments.
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"Of those, mom-and-pop investors, or those who own between 1 and 5 homes, account for 85% of all investor-owned residential properties, while those with between 6 and 10 properties account for another 5%.
Institutional investors that own 1,000 or more homes account for only about 2.2% of all investor-owned homes, the firm said.
And that number could get smaller, amid signs that large institutional investors are scaling back home purchases.
Out of a group of eight of the biggest companies that own and lease single-family houses, including Invitation Homes and American Homes 4 Rent, six sold more homes in the second quarter than they bought, according to data from Parcl Labs."
What a weirdly chosen set of buckets [1,5] and [6,10]. What'd be the percentages for buckets like [0,1] homes and [2,∞)?