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Updated almost 12 years ago on . Most recent reply
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Are big time hedge funds sucking up your local deals?
I live and work in Jacksonville, FL and have noticed over the last several months a huge influx of out of area investors. One buyer has bought over 100 homes here recently and rented them out. I researched some of the buyers and found that they are private equity and hedge funds snapping up so much. Are they in your market yet?
http://www.floridatrend.com/article/15187/landlord-inc
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Originally posted by Thomas Dionne:
We are just creating a nation of renters it seems like. We have buyers lined up that can not find anything who go into renting again... they are creating their own renters market...
Yep, ya gotta hand it to them Banksters. They're a crafty bunch.
First they entice SFH bidding wars with easy credit that they can create out of thin air.
Then they blow up the economy with a financial crisis causing people to lose their SFH.
Then they borrow money from the Fed at 0% and buy up all the cheap SFH.
Now they rent them back out to the people they swindled in the first place.