Absolutely agree with this post. When I was house-hunting, I would go to the county property appraiser’s Web site and sometimes entire blocks would show the same “Thusandsuch Real Estate Holdings LLC” as the owner. House flippers are also back with a vengeance down here since the crash, which can be a big problem depending on your perspective. (Some call them saviors, especially themselves)
And I have nfi why some of them just sit on the properties and do nothing with them, seemingly to the detriment of their own portfolios, but it does happen even now, years after the crisis passed. Anecdotally, there are two bank-owned houses on my own street. They’re not sale-ready, but they’re not falling apart, either. Someone is by every couple of weeks to mow the grass and trim the bushes but that’s about it. I feel confident that someone would buy these properties and 100% certain they’d be rented if they were only on the market, butnahhh. Nearly four years since I moved in and nothing, not for sale, not for rent, just sitting there doing nothing for anyone.
My school district added Japanese as a foreign language option my sophomore year for I assume this reason. Now I think they’re back to just Spanish and French.
A vacation home is a bit different from a vacant investment property. I would be pretty confident that vacation homes are rarely rented as primary residences during the offseason and probably do consume supply.
meanwhile, in what barr is doing while nobody’s paying attention. I’ll let some law bro tell me how horrible this is.
the title of it is
“Attorney General William P. Barr Announces the Establishment of the Presidential Commission on Law Enforcement and the Administration of Justice”
