American Homes 4 Rent- What are they thinking??

[Scott Voytko]

America Homes 4 Rent recently purchased a home in my area for.... wait for it... 499,000! A SFH. I was shocked when I found out they purchased a half a million dollar home to rent. It's been listed for over 40 days at about $3200 / mo(pried $600 above the next cheapest home). This is a typical suburban home and not a vacation home

How will these guys give their investors any returns buying homes like this? 

[Chris Martin]

This is one where my only thought is C'Mon Man ... like the ESPN C'Mon Man skits.

Well, appropriately AH4R hit an all time low today. They are trading below book value (0.86 per ETrade) which is where I think they should be.