Watch the New York Times trash real estate investing

[Joe Cassandra]

NYT takes swipe at real estate investing 
https://www.nytimes.com/interactive/2019/06/20/business/economy/starter-homes-investors.html?

It touches on how folks aren't able to afford starter homes anymore because investors are swooping in with cash. It goes through a few stories of people having to pay over the list price for a home they want. 

What they seem to gloss over is that these 'normal buyers' are trying to purchase homes needing rehabs. As we know, over 90% of homes on the MLS will likely be bought by a normal owner-occupant.

The post seems to be more a dog whistle as you'll see in the comments on FB (where I found the ad as they're running ads to it)

https://www.facebook.com/nytimes/posts/10151937031769999

Most of the commenters are 'anti investors' who are complaining that it's hard to find affordable homes anymore. One commenter recommended abolishing all real estate investing and requiring people to live in a house 5 years before selling...

I'm in Woodstock GA (40 min NW of ATL) and prices are indeed appreciating. But there does seem to be a slowdown at the $400k+ range. 

What do you think? Are first time home buyers being "forced" into expensive homes if they don't want to rent anymore. 

I believe the problem is the entitlement. Yes, everyone should have a place to live. Are you entitled to a large house just because you see other people have one? No. There are plenty of lower priced homes that are non-distressed that can be purchased. But, no one wants that. 

[Kris L.]

Honestly this seems to be a well researched, relatively unbiased article that sticks to facts and numbers.