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Updated over 3 years ago,
ReAlpha plans to spend $1.5B to buy short-term rental homes
Have you guys seen this? An asset management company is planning on buying $1.5B worth of homes, or 5,000 homes at an average price of $300K, to operate as STR's. The plan is to focus on Miami, Austin and Dallas.
What do you think this will do to the market? Good or bad?