"Investors bought 1 of every 6 U.S. homes that sold, purchasing $43 billion worth of properties, and 1 of every 4 low-priced homes that sold."

SeattleRain@lemmy.world · 3 months ago

"Investors bought 1 of every 6 U.S. homes that sold, purchasing $43 billion worth of properties, and 1 of every 4 low-priced homes that sold."

Jo Miran · 3 months ago

I have been repeating this for two years. I saw it first hand in Orlando, Florida when in less than six months, funds had purchased most of a low income neighborhood. It is now mostly full of hospital and theme park workers and the rents went from $800 in 2021 to $1600 in 2024.