General Discussion

treestar

(82,383 posts)

4. Instead of big banks and mortgages

Tue May 22, 2012, 09:12 AM

May 2012

we'd have big Rental and Landlords.

The only good to come of that could be tougher restrictions on landlords. With that many renters, there's going to be more consumer pressure. It was true for other things and could become quite so for housing. And states already have a lot of landlord tenant laws meant to protect tenants.

The "we've all got to own a home" thing does have its downside, too. The mortgages are far more confining than a rental situation would be.

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The 1 Percent Is Buying Up All Of The Low End Real Estate [View all] xchrom May 2012 OP

Actually, I think that today's private health insurance companies - Old and In the Way May 2012 #1

I bet more houses are lost through Medicaid obligations. dkf May 2012 #3

Private equity also means Pension Funds, Endowments and union money. dkf May 2012 #2

Yes, those poor widows and orphans that rely on these private equity funds for their income... Scuba May 2012 #7

No those semi comfortable union retirees and their spouses. dkf May 2012 #10

Instead of big banks and mortgages treestar May 2012 #4

When everyone is employed, what do you do with all that job-creatin' cash? n/t lumberjack_jeff May 2012 #5

They are buying up all the rentals, and now they are starting to jack up kestrel91316 May 2012 #6

Rent is up in many places because fewer now qualify for home loans KurtNYC May 2012 #13

+1. Rates are low, but qualifying is really, really difficult. nt Robb May 2012 #18

I'm hearing about sales that consist only of taking over remaining payments. Gregorian May 2012 #20

this is wilard romney's plan leftyohiolib May 2012 #8

Folks this should NOT be surprising............... socialist_n_TN May 2012 #9

Affordability should have brought more into the market but everyone is gun shy. dkf May 2012 #11

The smaller investors don't have the money to come into the market.......... socialist_n_TN May 2012 #12

The shift from federal income taxes to local property taxes is what keeps me out. ieoeja May 2012 #14

OMG!! guardian May 2012 #23

you don't live in NY then belcffub May 2012 #29

In NJ, we're right up there with you. badtoworse May 2012 #31

Property taxes are on assess values, not actual prices. ieoeja May 2012 #37

Where do you live?! SunSeeker May 2012 #26

The house was selling for only $5,000 in Lindenhurst, IL. ieoeja May 2012 #36

wait... if you paid off your mortgage belcffub May 2012 #30

He was going to buy it for his buddy who is living in his basement. dkf May 2012 #32

ok... now that I re-read it... belcffub May 2012 #35

Not that nice. I just want him out of my damn basement! ieoeja May 2012 #38

Props that you even considered it. dkf May 2012 #40

Funny you should mention the upstairs.... ieoeja May 2012 #39

+1 bemildred May 2012 #15

Absolutely. And I've been watching this first hand. Gregorian May 2012 #16

The big money is *always* bargain hunting. Robb May 2012 #17

They're professional investors; that's what they're paid to do. badtoworse May 2012 #19

Nope. I had lunch with a venture capital guy a month or so ago Robb May 2012 #22

That actually sounds like a risky play to me badtoworse May 2012 #25

I've seen some new start-ups around here (SoCal) advertising their services as... Tikki May 2012 #21

So how long will it be before they start setting up fiefdoms? Cleita May 2012 #24

They'll never make a lot of profit renting out Baltic and Mediterranean slackmaster May 2012 #27

This is always the "next step" in a financial collapse SoCalDem May 2012 #28

A robber baron land grab creating a nation of rent slaves. Fire Walk With Me May 2012 #33

Where I am, existing MineralMan May 2012 #34