Squatters- talk to me like I am in 5th grade

Well, they scan toilet paper at the cash register one pack at a time.

(I know there's only one seller but that made me laugh. )

 

There are entire new developments that were purchased by corporate entities here.
They then lease the units out.
Pretty solidly in the bulk category.

 

A few companies have gone in and purchased entire developments from the builder or even partnered with a builder to build entry-level single-family homes specifically to rent. If that isn't bulk, I don't know what is. The builder loves it because they have guaranteed sales, can lay off the entire sales staff, and not even have to mess with building and maintaining model homes. No messing with options or customizations either. The company doing the mass buying gets a better deal as well. The only unhappy people are the buyers that wanted to buy in that area and now will be forced to rent, look elsewhere, or compete against more buyers for nearby houses. This is not country, state or sometimes not even metro area wide. Sometimes it is just a particular suburb or two. They target areas they believe are going to grow by watching corporate announcements about new facility locations.

In 2021 they were typically getting enough rent to pay off the houses in 8 years. The fact they use investment cash and/or cheaper loan rates than entry level buyer can get makes this even better for them. I concur that not everyone should own a home, but entry level buyers competing against corporations that can pay cash or use cash from a corporate loan at a significantly discounted rate isn't very fair, but it is life in a free market economy. I also wouldn't be surprised if they are getting some insider info from corporate board members who are invested in the funds on where to start buying before the "new factory" announcement become public.

 

Not really upset about it as long as they are using publicly available information. I have seen no proof insider information is being used, but also wouldn't be surprised at all if it is.

 

I know of one in McDonough that was bought out in whole about three years ago. In the last three years there have been 20 or 30 here in Georgia alone. Big business all over the country.

 

Kissimmee has entire neighborhoods owned by corporations and used as vacation rentals.

 

https://www.builderonline.com/data-...gn-to-accelerate-and-transform-the-industry_o

This is a couple years old from when it was taking off. The reason it is being brought up as an issue is that it is a change in approach. A developer renting out a couple of units until he can unload them is not the same as a 150 unit housing development being built (and would traditionally be sold one by one) with no intention of ever having them sold as single units. It definitely skews the pricing for that area.

And this isn't about high end properties, though they are being bought up as well. DR Horton and Beezer aren't building luxury. This is Levittown-level construction that has traditionally been the domain of the couple converting from DINK to breeder status who want a yard instead of convenience to their favorite bar.

 

How many rolls to a pack?! How much do y'all shit?!

 

Welcome to Costco. I love you!

 

These are 100+ home neighborhoods with 3-5K Sq Ft pool homes, all vacation rentals.