Comments by "Robert Rochester" (@RARochester) on "More Perfect Union"
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Let's make sure we keep things in perspective and not be misled by this video. What's listed below is JUST for the state of California; it was a simple Google search:
Less than 2% of single-family homes are owned by investors with 10 properties or more, statewide, according to the California Research Bureau. What institutional investor-friendly markets have in common: Rapidly growing populations and relatively low real estate prices compared to rents.Mar 7, 2024
Here's another reference; again, from Google:
According to a report by JP Morgan Chase, there are 50 million residential rental units in the United States, but 41% of them belong to mom-and-pop landlords or "individual investment landlords." In other words, mom-and-pop landlords oversee around 20.5 million rental properties in the US.May 13, 2024
Yet another; this is from the National Rental Home Council:
Single-family rental home companies own approximately .19% of the residential real estate in the United States.
There is not one state in the country where single-family rental home companies own more than 1% of the housing inventory and only four states where they own more than 5% (Arizona, Florida, Georgia, and Nevada).
Of the 23 million single-family rental homes in the United States, single-family rental home companies own approximately 1.16%.
NRHC: WwW.HOME RENTALHOMECOUNCIL.ORG
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