“If I had it to do over again… I would just buy single family rentals… because of its tax advantages… assume the market goes down 20, 30, 40% with the bank on it.”
“They bought up close to a million homes in the U.S. over 10 years ... stopped buying four years ago as soon as rates went up ... purchases cut 50 60 70 percent”
The Iced Coffee Hour · The Housing Market Is Completely F*d - Stay Away From These States! | Reventure Consulting
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What was described
bought roughly one million single-family homes in the U.S. over a ten-year period, then halted purchases when rates rose, cutting buying activity by 50-70 %
≈1 million homes; 2-3 % of total housing stock; purchase volume cut 50-70 %
Said nearby on the same subject
“Buying a great tax-free family home where I can value add tax-free, cash equity out tax-free, and then fundamentals. Aim for that asset to be debt-free buy when you want to retire.”
“If you buy the one-year today for a year and then roll it over, I have to get 6%, ignoring compounding… If you think the one-year rate is not going to be at 6% next year, you'd buy the two-year.”
“Candy has gone up at a rate greater than inflation. I think the year-over-year right now is it's gone up roughly 8%”
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