How Single Family Home Investing Can Save The Housing Market
Buying single family homes as an investment just might save the housing market, says one of the country’s biggest real estate investment firms in New York.
By Kenneth Rapoza
Palm Coast, FL – April 4, 2012 – Buying single family homes as an investment just might save the housing market, says one of the country’s biggest real estate investment firms in New York.
GTIS Partners, one of the largest investors of global real estate, has its eyes set on new, uniquely American investment opportunity. It’s less exotic than their usual hot spots. And far more distressed. Which makes the assets quite cheap. U.S. single family housing is back. This time, as Forbes writer Morgan Brennan reported this week, investors like GTIS are buying groups of single family homes not to flip them, but to rent them. If their calculations are correct, they just might be able to save the U.S. housing market.
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Toby it really depends on how these homes are rented. It seems that there are management companies out there who believe in jamming in transients on a daily and weekly rentals. This practice must be stop. It is dangerous and it will damage residential areas. Image living next to a single family home where 20 individuals are renting this dwelling on a daily basis. The county needs to enforce the fire life safety codes before a serious injury occurs or death. These s called management companies have no ties in these communities. Yes, it is happening in Palm Coast.
Posted by Ron